$5,000,000 | Vanier Ottawa House for Sale at 26 Mcarthur Avenue Ottawa

Explore 26 Mcarthur Avenue, a Desirable Vanier home for sale for $5,000,000! This Vanier House for sale in Ottawa has been listed on Real-Estate.ca for 30 days under MLS® #X12392560. This home is a 5,000 square foot Single Family House with 16 bedrooms and 12.00 bathrooms. Parking is No Garage and it has a N/A (Finished) basement. Explore the Ottawa real estate market and available Vanier homes for sale!

Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market. (id:6289)

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