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. Consult the city to assess your project.
PT LT H, PL 381, AS IN NS268715; VANIER/GLOUCESTER
Occupancy
Vacant
Possession Date
Negotiable
Taxes (2024)
$3,947
Directions/Cross Streets
The property is facing South and is located on North side of McArthur Avenue in Vanier South neiborhoods. The closest high traffic intersection is the Vanier Parkway/McArthur Avenue intersection.
Neighbourhood
3404 - Vanier
Area
Ottawa
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
43.17 x 100 ft
Total Area
1,718 ft2
Elevator
None
Garage Type
None
Parking Spaces
3
Amps
200
Volts
220
Gross Income/Sales
$37,500
Net Income Before Debt
$31,500
Year Expenses
$2,023
Expenses Actual/Estimated
Est
Water
Municipal
Survey
Y
Zoning
TM
Seller Property Info Statement
N
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