218-220 Mcarthur Avenue Ottawa, Ontario K1L 6P5

$1,600,000

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 $1.6M 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): ~$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 (id:43934)

Property Details

MLS® Number	X12671512
Property Type	Multi-family
Community Name	3404 - Vanier
Parking Space Total	5

Building

Bathroom Total	4
Bedrooms Above Ground	2
Bedrooms Total	2
Basement Type	Crawl Space
Cooling Type	Central Air Conditioning
Exterior Finish	Vinyl Siding
Foundation Type	Concrete
Heating Fuel	Electric, Natural Gas
Heating Type	Forced Air, Heat Pump, Not Known
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	96 Ft
Size Frontage	44 Ft
Size Irregular	44 X 96 Ft
Size Total Text	44 X 96 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom 2	3.5 m	3 m	3.5 m x 3 m
Second Level	Living Room	3.5 m	3 m	3.5 m x 3 m
Second Level	Bathroom	1.8 m	1.5 m	1.8 m x 1.5 m
Second Level	Kitchen	2.5 m	2 m	2.5 m x 2 m
Second Level	Kitchen	2.5 m	2.5 m	2.5 m x 2.5 m
Second Level	Living Room	3.5 m	3 m	3.5 m x 3 m
Second Level	Bathroom	1.8 m	1.5 m	1.8 m x 1.5 m
Main Level	Bedroom	3 m	3 m	3 m x 3 m
Main Level	Kitchen	2 m	2.5 m	2 m x 2.5 m
Main Level	Living Room	3 m	2 m	3 m x 2 m
Main Level	Kitchen	3 m	2 m	3 m x 2 m
Main Level	Living Room	3.5 m	3.5 m	3.5 m x 3.5 m
Main Level	Bathroom	1.8 m	1.8 m	1.8 m x 1.8 m
Main Level	Bathroom	1.5 m	1.8 m	1.5 m x 1.8 m

Utilities

Cable	Installed
Electricity	Available
Sewer	Available

https://www.realtor.ca/real-estate/29224105/218-220-mcarthur-avenue-ottawa-3404-vanier