REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 979,000
Est. payment | /mo
8 Beds
3 Baths
$ 979,000
Est. payment | /mo
8 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 3404 - Vanier
MLS Listing ID X13620328
Style 3-Storey
Bedrooms 8
Annual Tax Amount $5,509
Tax Year 2025
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Other
Kitchen 3
Interior
Interior Features Carpet Free
Cooling Window Unit(s)
Fireplace No
Heat Source Electric
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 29.0
Lot Depth 97.0
Total Parking Spaces 5
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by SOLID ROCK REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "