289 Mcarthur Avenue

ActiveVanier and Kingsview Park · 3404 - Vanier7 days on marketMLS® X13620328

$979,000

$280 / sq ft

Bedrooms8

Bathrooms3

Interior3,500 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market7

About this property

Exceptional Investment & Redevelopment Opportunity - TM Zoned TriplexRare opportunity to acquire a well-maintained, income-producing triplex in the heart of Vanier with highly desirable Traditional Mainstreet (TM) zoning, offering outstanding flexibility for investors, developers, and owner-operators alike.This fully leased property features three residential units, all occupied by long-term tenants, providing stable and reliable rental income from day one. Additional revenue is generated through two detached garages that are currently rented, as well as a coin-operated laundry for tenant convenience.The property's Traditional Mainstreet (TM) zoning significantly enhances its long-term value by permitting a broad range of residential, commercial, and mixed-use opportunities. Continue operating the property as a successful triplex, renovate and add value, or explore the potential to redevelop into a higher-density residential or mixed-use building. TM zoning is designed to encourage intensification along established urban corridors and permits a variety of uses, including apartment dwellings, retail, offices, restaurants, professional services, and mixed-use developments.Situated along the McArthur Avenue corridor, this prime location offers quick access to downtown Ottawa, public transit, shopping, restaurants, schools, parks, hospitals, and the Rideau River pathways, making it an attractive location for both tenants and future redevelopment.Whether you're seeking a turnkey investment with dependable cash flow, land for future redevelopment, or a property with commercial and mixed-use potential, 289 McArthur Avenue presents an exceptional opportunity in one of Ottawa's established and evolving urban neighbourhoods.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13620328
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,500 sq ft
Beds / Baths	8 bed · 3 bath
Neighbourhood	3404 - Vanier
City	Vanier and Kingsview Park
Postal Code	K1L 6P3
Province	ON
Listed Date	July 30, 2026
Days on Market	7
Price per Sq Ft	$280
Brokerage	SOLID ROCK REALTY