Just Listed
Address
218-220 Mcarthur Avenue, Vanierand Kingsview Park, ON
Price
$ 1,400,000
Property Attributes
  • ID#X13813626
  • TypeMulti-Family
  • Listing Status New
  • CityVanierand Kingsview Park
  • Area3404 - Vanier
  • Neighbourhood3404 - Vanier
  • Postal CodeK1L 6P5
  • Style2-Storey
  • Taxes$ 2348
  • Price$ 1,400,000
  • Bedrooms2
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1500-2000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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 $1.4M 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): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits

Price History
9/22/2026 Listed $1,400,000

General Features

Sewer Sewer
Cooling Central Air
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Vinyl Siding
Heater Type Forced Air
Parking Spaces 5
Property Subtype Fourplex
Tax Year 2025
Lot Depth 96.0
County Ottawa
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction East
Garage Y/N No
Status New
City Vanier and Kingsview Park
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 2348.0
Standard Status Active
Occupancy Type Vacant
Legal Description PT LT 4,PL 90,AS IN N470776 ; VANIER/GLOUCESTER

Interior Features

Interior Amenities None
Basement Crawl Space
Heat Source Electric
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 2
Elevator? No
Total Baths 4
Bedrooms 2
Living Area Range 1500-2000

Exterior Features

Waterfront None
Parking Features Available
Total Parking 5.0
Garage Type None
Foundation Details Concrete
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1L 6P5

Price
AVG $1.4M
$1.4M
Taxes
AVG $2,348
$2,348
Visits
AVG 10
7
Data Provided by Inside Real Estate®