Office For Sale - 271 MCARTHUR Ave, Vanier and Kingsview Park, Ontario

location_on 271 MCARTHUR Ave, Vanier and Kingsview Park

Office

271 MCARTHUR Ave

Vanier and Kingsview Park, Ontario K1L 6P3

$998,900

For Sale

Property Information

For more info, click “More Information” button below. “Most beneficial use of property: Leverage it as per its mixed Commercial/Residential TM zoning to become MS1 in 2025: Great opportunity for Professionals/Business Owners to live in it or potentially use a part of the property commercially minimizing the commercial tax bill. As Ottawa pursues its densification, possibility to expand and leverage it partially or 100% commercially and build up to 6 floor or 20 m high. If use 100% residentially, the 2024 annual gross rent income is $37500 with operating cost of $6400/yr. For a net of $31100 (no mortgage). To make it available to new buyers, the property can be vacant with a two month’s notice, studio rented at $1150/mth. The property is ready to live in. Target buyers: Professionals, investors, business owners. Numerous permitted use: retail store, restaurant, bank , daycare, apartment dwelling, museum etc. Consult the city to assess your project.”

Basic Details
Property Type : Office
Listing Type : For Sale
Listing ID : X9522622
Price : $998,900
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 1,718 Sqft
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 40
Address
Postal Code : K1L 6P3
City : Vanier and Kingsview Park
Street : MCARTHUR
Street Number : 271
Street Suffix : Ave
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Features
Parking : 3
Brokerage
Office Name : EASY LIST REALTY LTD.
Extra Information
Area : Ottawa
living_area : 0
living_area_unit : Sqft
Community : 3404 - Vanier
Lease : Sale
Tax Year : 2024

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271 MCARTHUR Ave Vanier and Kingsview Park, Ontario K1L 6P3