218-220 MCARTHUR AVENUE, Ottawa
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 $1.6M 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 (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Second Level | Bedroom 2 | 3.5 m x 3 m |
| Second Level | Living Room | 3.5 m x 3 m |
| Second Level | Bathroom | 1.8 m x 1.5 m |
| Second Level | Kitchen | 2.5 m x 2 m |
| Second Level | Kitchen | 2.5 m x 2.5 m |
| Second Level | Living Room | 3.5 m x 3 m |
| Second Level | Bathroom | 1.8 m x 1.5 m |
| Main Level | Bedroom | 3 m x 3 m |
| Main Level | Kitchen | 2 m x 2.5 m |
| Main Level | Living Room | 3 m x 2 m |
| Main Level | Kitchen | 3 m x 2 m |
| Main Level | Living Room | 3.5 m x 3.5 m |
| Main Level | Bathroom | 1.8 m x 1.8 m |
| Main Level | Bathroom | 1.5 m x 1.8 m |
Details
- Parking Spaces: 5
- Transaction: For sale
Building
- BasementType: Crawl space
- Bedrooms Main Level: 2
- Cooling: Central air conditioning
- Exterior Finish: Vinyl siding
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 4
- Heating: Forced air, Heat Pump, Not known
- Heating Fuel: Electric, Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Fourplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 96 ft
- Size Frontage: 44 ft
- Size Irregular: 44 x 96 FT
This property for sale is located at 218-220 MCARTHUR AVENUE in Ottawa. It was last modified on January 7th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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