216 MCARTHUR AVENUE
Ottawa, Ontario K1L 6P5
$2,595,000
11
Bedroom
6
Bathroom
5000+
SQ.FT.
YEAR BUILT: 1955| Property Type: REsidential Income property| Parking Type: Driveway parking| Building Type: 2 Storey MULTIPLEX
| Address | City | State | County | Zip |
|---|---|---|---|---|
| 216 McARTHUR AVENUE, VANIER AND KINGSVIEW PARK | OTTAWA | ONTARIO | CANADA | K1L 6P5 |
PROPERTY DESCRIPTION
Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unit residential income property was purpose-engineered to qualify for the CMHC MLI Select Program - one of the most powerful financing tools available to Canadian real estate investors today. MLI Select requires superior building quality, advanced energy systems, and measurable performance well beyond standard code. 216 McArthur delivers: energy consumption reduced by 42.7% and GHG emissions down 67.6% versus baseline, securing 50-year amortization and up to 95% LTV financing - a structural cash flow advantage built directly into the asset. Originally a 1970s triplex, the property was transformed into a modern 6-suite building through a full retrofit of the existing structure and a high-quality rear addition. Every suite features its own individual air-source heat pump, energy recovery ventilator (ERV), and electric hot water system - tenants pay their own utilities, keeping landlord operating costs lean and predictable. The building is equipped with a high-tech intercom and remote entry system, individual key fob access per unit, a building-wide security system, and exterior surveillance cameras - low-maintenance, high-tech, and purpose-built for hands-off management. Currently generating $12,800/month ($153,600/year) in gross rental income across six fully tenanted units. Don't miss this rare turnkey asset with institutional-grade financing already locked in. 24 hours notice required for all showings. Current Mortgage rate is 4.2% which is transferable with approval. Contact listing agent for full financials and showing details.
Location Description
Cross Streets: VANIER PARKWAY. ** Directions: Vanier Parkway to McArthur Avenue.
Property Features
Interior Features
✔️ ERV/HRV
✔️ Intercom
✔️ Separate Heating Controls
✔️ Separate Hydro Meter
✔️ Upgraded Insulation
✔️ Water Heater
✔️ Stove, Washer (one each for 6 units)
✔️ Dishwasher, Dryer (one each for 6 units)
✔️ Refrigerator (one each for 6 units)
✔️ Basement Type: Finished
Building Features
✔️ Foundation Type: Poured Concrete
✔️ Roof: Asphalt Shingle
✔️ Style: 2 Storey
Heating & Cooling
✔️ Cooling: Central air conditioning
✔️ Heating Type: Heating Pump (Electric)
Utilities
✔️ Utility Sewer: Septic
✔️ Water: Municipal
Exterior Features
✔️ Exterior Finish: Brick, Aluminum siding
Parking
✔️ Parking Type: Driveway Parking
✔️ Total Parking Spaces: 2
Rooms
✔️ Main level
Laundry
Kitchen
Bathroom
Living room
Bedroom x 2
✔️ Second level
Kitchen
Living Room
Dining Room
Bathroom
Bedroom x 2
Laundry
✔️ Basement
Living room
Bedroom
Bathroom
Kitchen
