218-220 MCARTHUR AVENUE

Key facts

• Property type: Multi-family
• Structure: Fourplex
• Transaction: For Sale
• Price: class="container" id="details-container",600,000
• Bedrooms: 2
• Bathrooms: 4
• Lot size: 44 x 96 FT
• Parking: 5
• Listing key: 29224105

Listing overview

ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at class="container" id="details-container".6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI...