For Sale

218-220 Mcarthur Avenue, Vanier and Kingsview Park, Ontario K1L 6P5

$1,600,000

218-220 Mcarthur Avenue, Vanier and Kingsview Park, Ontario K1L 6P5 is For Sale and has a listing price of 1,600,000. The property is located in the Vanier and Kingsview Park . It's been on the website for 29 Days.

  • Fourplex
    Property Type
  • 2
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X12671512
  • Office Name ROYAL LEPAGE INTEGRITY REALTY
Property Description

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

Property Details
  • Bedrooms: 2
  • MLS ID: X12671512
  • Bathrooms: 4
  • Price: $1,600,000
  • Lot Depth: 96
  • Transaction Types: For Sale
  • Ref ID: X12671512
  • Year Built: N/A
  • Approx Sqft: 1500-2000
  • Dir / Cross St: Vanier Pkwy and McArthur Ave
  • Status: Active
  • Tax Year: 2025
  • Property Type: Fourplex
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
01/07/2026 X12671512 $1,600,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Vanier and Kingsview Park
  • $764,936 Average List Price
    based on 1 year
  • 39 New Listings
    based on 30 days
  • 36 Median Days on Market
    based on 1 year
  • List vs. Selling Price 85.45 % Up
  • Sold (12mo) 84
  • Rented (12mo) 87

  • 1 Month Change -
  • 3 Month Change -
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Electric
  • Style 2-storey
  • Washroom Type1: 2
  • Garage Type Y
  • Parking Spaces: 5
  • Exterior Vinyl Siding
  • Kitchen 4
  • Parking Y
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 2: 2
  • Taxes: $3,743
  • Last Status New
  • Original Price: $1,600,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 07/01/2026 15:08:27
  • Possession Date: 01/03/2026 00:00:00
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