49
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$998,900
Est. payment /mo
1,718 SqFt
Active
271 MCARTHUR AVE Vanier And Kingsview Park, ON K1L 6P3
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,718 sqft
Price per Sqft $581
Subdivision 3404 - Vanier
MLS Listing ID X9522622
Annual Tax Amount $3,947
Tax Year 2024
Property Sub-Type Office
Lot Depth 100.0
Lot Front 43.17
Property Description
For more information, please click Brochure button. 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 months 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. The property is an income property (a rental) and has been since 2005. Consult the city to assess your project.
Location
Province ON
County Ottawa
Community 3404 - Vanier
Area Ottawa
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Utilities Available Unknown
Roof Type Unknown
Lot Frontage 43.17
Lot Depth 100.0
Others
Security Features Unknown
Pets Allowed Unknown
Listed by EASY LIST REALTY LTD.
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