4
$1,400,000 Sale
Listed 21 days ago
218-220 Mcarthur Avenue
· 2
· 4
· 5
· 1500-2000
Listing History
Buy/Sell/Terminated/Expired listing history for 218-220 Mcarthur Avenue
Key Facts
Key facts for 218-220 Mcarthur Avenue
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 5 parking
MLS #
X13813626
Size
1500-2000 sqft
Basement
Crawl Space
Listed on
2026-09-22
Lot size
44 x 96.0
Tax
$2,348 /yr
Days on Market
21
Approximate Age
-
Maintenance Fee
-
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 McAr...thur 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
Room Types
Kitchen
-
Dimensions 6.56 x 8.2 feet
53.79 sqft
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Courtesy of: ROYAL LEPAGE INTEGRITY REALTY