For Sale: 289 Mcarthur Avenue, Ottawa, ON - REW
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$949,000
8 bd • 3 ba • 3500 - 4999 sf • Multifamily
289 Mcarthur Avenue
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$949,000
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289 Mcarthur AvenueOttawa, ON, K1L 6P3

Overbrook - McArthur
  • 8 Bed
  • 3 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

PRIME INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF VANIER! Discover the potential of 289 McArthur Avenue, a well-maintained, income-producing triplex offering exceptional versatility for investors, developers, and entrepreneurs. Fully leased with three long-term residential tenants, this property provides established rental income from day one. Formerly a dental office, the property offers a unique history and exciting possibilities for future use. Zoned Traditional Mainstreet (TM), it presents opportunities for residential, commercial, and mixed-use development, subject to municipal approvals. Maintain the existing triplex, enhance rental income through improvements, or explore redevelopment and intensification potential. Additional income is generated from two rented detached garages and coin-operated laundry facilities. Ideally situated along the McArthur Avenue corridor, just minutes from downtown Ottawa, public transit, shopping, restaurants, schools, parks, and the Rideau River pathways. With its established rental income, desirable urban location, and flexible zoning, this property offers both immediate investment value and exciting long-term potential. INVEST TODAY, DEVELOP TOMORROW - THE POSSIBILITIES ARE ENDLESS! (id:63626)
Listed by: Cynthia Longo, Salesperson, SOLID ROCK REALTY

Home facts and features

Price details
List Price
$949,000
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Gross Taxes for 2025
$5,510
Home facts
Bedrooms
8
Full Bathrooms
3
Parking Spaces
5
Parking Details
Detached Garage, Garage
Property Type
Multifamily
Lot Size
29 ft x 97 ft (2813 ft²)
Depth
97 feet
Frontage
29.0 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Window air conditioner
Basement Details
Other, See Remarks,
Features
Carpet Free
Appliances
Dryer, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Cynthia Longo
Primary Broker
SOLID ROCK REALTY
Listing details
Days on REW
93 Days
Property Views
24
MLS® Number
X13620328
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
Robert E. Wilson Public School
  • Public
  • JK - 6
Assumption Catholic Elementary School
  • Catholic
  • JK - 6
St Michael School
  • Catholic
  • K - 6
Répit-Transit
  • Public
  • JK - 12
Ottawa Technical Secondary School
  • Public
  • 9 - 12
ÉEP Le Trillium
  • Public
  • JK - 6
Rideau High School
  • Public
  • 9 - 12
Queen Elizabeth Public School
  • Public
  • JK - 8
Queen Elizabeth Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Cynthia Longo
Phone:
(613) 863-9797
Office:
855-484-6042
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