Space
Finished area and layout
- Square Feet
- 1,500-2,000 sqft
- Bedrooms
- 2
- Bathrooms
- 4
2
Bedrooms
4
Bathrooms
1,500-2,000 sqft
Square Feet
44 x 96 FT
Lot
5
Parking
Property Snapshot
Key details for this listing
MLS #X13813626
Property
Type, style and structure
- Type
- residential
- Style
- fourplex / Fourplex
- Structure
- 2-Storey
- Ownership
About This Property
This 2-bedroom, 4-bathroom fourplex in Vanier And Kingsview Park offers 1,500-2,000 sqft of square feet on a 44 x 96 FT lot. 2 storeys. The home features central air, a crawl space basement. Highlights include a none pool.
MLS Remarks
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. 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:60351)
Full Listing Details
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