Price reduced $30,000 on September 18, 2026

8 Bedrooms

3 Bathrooms

3,500 - 5,000 sqft Interior

5 Parking spaces

29 X 97 Ft Lot size

8 days ago Listed

Window Air Conditioner Forced Air

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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:28469)

Facts & features

Property

MLS® Number: X13620328
Property Type: Multi-family
Community Name: 3404 - Vanier
Equipment Type: Water Heater
Features: Carpet Free
Parking Space Total: 5
Rental Equipment Type: Water Heater

Building

Bathroom Total: 3
Bedrooms Above Ground: 8
Bedrooms Total: 8
Appliances: Dryer, Stove, Washer, Refrigerator
Basement Development: Other, See Remarks
Basement Type: N/a (other, See Remarks)
Cooling Type: Window Air Conditioner
Exterior Finish: Brick
Foundation Type: Poured Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 3
Size Interior: 3,500 - 5,000 Sqft
Type: Triplex
Utility Water: Municipal Water

Parking

Detached Garage: —
Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 97 Ft
Size Frontage: 29 Ft
Size Irregular: 29 X 97 Ft
Size Total Text: 29 X 97 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $4,202/mo
Ontario land transfer tax: $15,455 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Vanier market

38 Active listings

$655,000 Median asking price

45% above median This home

58 days Avg. time on market

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Rooms

Second Level

Kitchen 3.33 m x 2.91 m
Bathroom 2 m x 1.63 m
Living Room 5.67 m x 3.89 m
Bedroom 3.32 m x 3.17 m
Bedroom 2 3.39 m x 2.79 m
Bedroom 3 3.39 m x 2.94 m
Dining Room 3.39 m x 3.17 m

Third Level

Bedroom 3.32 m x 3.37 m
Bedroom 2 3.39 m x 2.79 m
Living Room 5.67 m x 3.89 m
Bedroom 3 3.39 m x 2.72 m
Dining Room 3.39 m x 3.1 m
Kitchen 3.83 m x 2.91 m
Bathroom 2 m x 1.65 m

Basement

Bedroom 3.39 m x 3.17 m
Bedroom 2 3.39 m x 3.17 m
Living Room 5.67 m x 3.89 m
Kitchen 3.33 m x 2.91 m
Laundry Room 3.33 m x 3.92 m
Bathroom 2.29 m x 1.65 m

Location

289 Mcarthur Avenue, Ottawa, Ontario K1L 6P3 · Get directions

289 Mcarthur Avenue