271 MCARTHUR Avenue
Vanier and Kingsview Park, ON
- 1,718 sqft
- Office
- 688 days on market
For more information, please click Brochure button. Commercial/Residential Traditional Mainstreet (TM) soon to become MS1 H(20) zoned lot hosting a ready to live-in, well maintained and charming 2-floor detached brick house allowing multiple usages & a construction up to 20m high or 6-floor bldg. Property is located 5 mins from downtown Ottawa. An ideal property for professionals & investors who want to 1) use it as a home/office combination, 2) use it as a 1 or 2 unit rental with central utilities (can be sold furnished as an option), 3) use it partially or 100% commercially or 4) invest in it to convert it into a development project of up to 6 floor high building. Property has an easy access to the citybus, cycling paths, schools, shopping malls, restaurants, Queensway, hospitals, arena, & the bridges to the province of Quebec. This large 2 bedroom with an unregistered basement home office has been rented profitably since 2005. The property is recovered with hardwood, ceramic & laminated floors. The basement home office suite has been rented for 20 years as an opened concept autonomous studio with its kitchen equipped with full size fridge and self/easy clean stove, 3 piece washroom & dedicated house entrance and parking space. The property features a large 2-Tier deck Patio located in a fenced & treed backyard with no neighbour at the back, central A/C, 25 000 BTU gas fireplace, Oct 2022 high efficiency gas furnace owned for central heat /gas hot water tank owned, 2017 house roof. The potential gross rental income is approx. $45000/year with potential for revenue increase with no or a minimal investment. A detached shed on a foundation & with electricity has been used for cold storage and as a workshop since 2005 but could possibly be leveraged into a tiny house development project if desired.
Listing Details
- Taxes (2024)
- $3,947
- Listed
- October 15, 2024
Price History
Listing history
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Property
- Roof
- Unknown
- Lot Size
- 43.17 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborhoods. The closest high traffic intersection is the Vanier Parkway/McArthur Avenue intersection.
- Zoning
- TM
- Parcel Number
- 042400007
- Occupancy
- Vacant
Condo
- Pets
- Unknown
Commercial
- Office / Apartment Area
- 0 %
Property Insights
AI-generated from listing photos. Not professional advice.
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
Commercial in Vanier and Kingsview Park · last 12 months
- Median sold price
- $540,000
- Homes sold
- 177
- Median days on market
- 31
- Sale-to-list price
- 97.1%
Based on 177 recorded sales of commercial properties in Vanier and Kingsview Park over the last 12 months.
Listed by
EASY LIST REALTY LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,718 sq ft
- Price per sq ft
- $581.43
- Annual property tax
- $3,947
- Tax per sq ft
- $2.30
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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