289 Mcarthur Avenue, Ottawa
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. (id:1945)
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Property details for 289 Mcarthur Avenue, Ottawa
- Type
- Multi-family
- Bedrooms
- 8
- Bathrooms
- 3
- Lot Size
- 29 x 97 FT
- Stories
- 3
- Basement
- Other, See Remarks, N/A
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Exterior
- Brick
- Annual Taxes
- $5,510 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 289 Mcarthur Avenue
Active Listings
1
Min Price
$979,000
Max Price
$979,000
Avg Price
$979,000
Days on Market
48
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Ottawa, Ontario
Population
592
Median Age
35.5
Median Income
$21,461
Housing Tenure
Renters 95%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 3,441.9/km²
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 60.7%
English only: 47.1%
French only: 4.2%
English and French: 47.1%
Neither: 1.7%
Median Household Income: $37,760
Median Employment Income: $26,624
Price History
Listed
July 30, 2026
by SOLID ROCK REALTY
Current Price
$979,000
Type
Multi-family
For Sale
