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Maxime Grondin

max.grondin@engelvoelkers.com +1(613) 324-2553

$ 998,900

Est. payment -/mo

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Active

271 MCARTHUR AVENUE Ottawa, ON K1L6P3

3 Beds

2 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $665

Subdivision 3404 - Vanier

MLS® Listing ID X9522618

Bedrooms 3

Property Sub-Type Freehold

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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.56 m X 2.18 m Bathroom

Extra Room 2 Second level 2.33 m X 0.81 m Other

Extra Room 3 Second level 7.31 m X 3.3 m Primary Bedroom

Extra Room 4 Second level 3.98 m X 3.6 m Bedroom

Extra Room 5 Basement 4.74 m X 2.26 m Kitchen

Extra Room 6 Basement 4.69 m X 4.36 m Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Fireplaces Number 1

Exterior

Parking Features No

Fence Fenced yard

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 2

Sewer Septic System

Others

Ownership Freehold

Listed by EASY LIST REALTY LTD.

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Maxime Grondin

Salesperson

+1(613) 324-2553

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