289 Mcarthur Avenue
Vanier and Kingsview Park, ON
- 8 bed
- 3 bath
- approx. 3500-5000 sqft
- Triplex
- 52 days on market
Exceptional Investment & Redevelopment Opportunity - TM Zoned TriplexRare opportunity to acquire a well-maintained, income-producing triplex in the heart of Vanier with highly desirable Traditional Mainstreet (TM) zoning, offering outstanding flexibility for investors, developers, and owner-operators alike.This fully leased property features three residential units, all occupied by long-term tenants, providing stable and reliable rental income from day one. Additional revenue is generated through two detached garages that are currently rented, as well as a coin-operated laundry for tenant convenience.The property's Traditional Mainstreet (TM) zoning significantly enhances its long-term value by permitting a broad range of residential, commercial, and mixed-use opportunities. Continue operating the property as a successful triplex, renovate and add value, or explore the potential to redevelop into a higher-density residential or mixed-use building. TM zoning is designed to encourage intensification along established urban corridors and permits a variety of uses, including apartment dwellings, retail, offices, restaurants, professional services, and mixed-use developments.Situated along the McArthur Avenue corridor, this prime location offers quick access to downtown Ottawa, public transit, shopping, restaurants, schools, parks, hospitals, and the Rideau River pathways, making it an attractive location for both tenants and future redevelopment.Whether you're seeking a turnkey investment with dependable cash flow, land for future redevelopment, or a property with commercial and mixed-use potential, 289 McArthur Avenue presents an exceptional opportunity in one of Ottawa's established and evolving urban neighbourhoods.
Listing Details
- Taxes (2025)
- $5,510
- Originally Listed
- $979,000
- Listed
- July 27, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Carpet Free
- Lot Size
- 29 x 97 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- McArthur
- Parcel Number
- 042400014
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridge, 3 Stove, 1 washer and 1 dryer
- Exclusions
- BBQ outside, microwaves in all three units
- Rental Items
- Hot water tank
Schools
Elementary
- École élémentaire catholique Horizon-Jeunesse0.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 465 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 71% met the provincial standard
- Robert E. Wilson Public School0.4 km
Public · Ottawa-Carleton DSB · 250 students
Grade 3 reading: 42% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Assumption Catholic Elementary School0.5 km
Catholic · Ottawa CSB · 260 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 26% met the provincial standard
Secondary
- Ottawa Technical Secondary School0.9 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire catholique de l’innovation1.9 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
- École secondaire publique De La Salle2.2 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1L
- Population
- 18,213
- Private dwellings
- 10,797
- Median age
- 41.2
- Average household size
- 1.8
- Median household income
- $63,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Vanier and Kingsview Park · last 12 months
- Median sold price
- $540,000
- Homes sold
- 173
- Median days on market
- 32
- Sale-to-list price
- 97.3%
Based on 173 recorded sales of residential freehold properties in Vanier and Kingsview Park over the last 12 months.
Rooms
3-piece on Third, 3-piece on Second, 3-piece on Basement
Third
- Bathroom6'7" x 5'5"
- Bedroom10'11" x 11'1"
- Bedroom 211'1" x 9'2"
- Bedroom 311'1" x 8'11"
- Dining Room11'1" x 10'2"
- Kitchen12'7" x 9'7"
- Living Room18'7" x 12'9"
Second
- Bathroom6'7" x 5'4"
- Bedroom10'11" x 10'5"
- Bedroom 211'1" x 9'2"
- Bedroom 311'1" x 9'8"
- Dining Room11'1" x 10'5"
- Kitchen10'11" x 9'7"
- Living Room18'7" x 12'9"
Basement
- Bathroom7'6" x 5'5"
- Bedroom11'1" x 10'5"
- Bedroom 211'1" x 10'5"
- Kitchen10'11" x 9'7"
- Laundry10'11" x 12'10"
- Living Room18'7" x 12'9"
Listed by
SOLID ROCK REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$189,800
Estimated Monthly Payment
$4,662
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,662/mo (20% down, 5.5%)
Taxes: $459/mo · Insurance: $237/mo
Estimates only. Consult a financial advisor.
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