271 MCARTHUR AVE Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1L 6P3
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 3404 - Vanier
MLS Listing ID X9522618
Style 2-Storey
Bedrooms 3
Annual Tax Amount $3,947
Tax Year 2024
Property Sub-Type Detached
Property Description
For more information, please click Brochure button. Commercial/Residential Traditional Mainstreet (TM) soon to become MS1 H(20) zoned lot hosting a ready to live-in, well maintained and charming 2-floor detached brick house allowing multiple usages & a construction up to 20m high or 6-floor bldg. Property is located 5 mins from downtown Ottawa. An ideal property for professionals & investors who want to 1) use it as a home/office combination, 2) use it as a 1 or 2 unit rental with central utilities (can be sold furnished as an option), 3) use it partially or 100% commercially or 4) invest in it to convert it into a development project of up to 6 floor high building. Property has an easy access to the citybus, cycling paths, schools, shopping malls, restaurants, Queensway, hospitals, arena, & the bridges to the province of Quebec. This large 2 bedroom with an unregistered basement home office has been rented profitably since 2005. The property is recovered with hardwood, ceramic & laminated floors. The basement home office suite has been rented for 20 years as an opened concept autonomous studio with its kitchen equipped with full size fridge and self/easy clean stove, 3 piece washroom & dedicated house entrance and parking space. The property features a large 2-Tier deck Patio located in a fenced & treed backyard with no neighbour at the back, central A/C, 25 000 BTU gas fireplace, Oct 2022 high efficiency gas furnace owned for central heat /gas hot water tank owned, 2017 house roof. The potential gross rental income is approx. $45000/year with potential for revenue increase with no or a minimal investment. A detached shed on a foundation & with electricity has been used for cold storage and as a workshop since 2005 but could possibly be leveraged into a tiny house development project if desired.
Location
Province ON
County Ottawa
Community 3404 - Vanier
Area Ottawa
Rooms
Family Room No
Basement Full,Partially Finished
Kitchen 2
Separate Den/Office 1
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Topography Level
Lot Frontage 43.17
Lot Depth 100.0
Total Parking Spaces 3
Building
Unit Features Public Transit,Park,Wooded/Treed,Fenced Yard
Foundation Block
Others
Security Features Unknown
ParcelsYN No