368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5

$2,595,000
  • Sale
  • Multiplex
  • 5 days ago
  • Updated: 2026-05-19

Property Overview

Property Type
Multiplex
Bedrooms
11
Bathrooms
6
Garage
2
Size
N/A
Age
New
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. Contact listing agent for full financials and showing details.

Key Details

  • X13145184
  • 2
  • $2,595,000
  • Tenant
  • None
  • 6 + 6
  • 2-Storey
  • 11
  • 6
  • 5000 + Sqft
  • N/A SquareFeet
  • New
  • Multiplex
  • Sale

Additional Details

  • Heat Pump / Electric
  • $12958
  • 2025
  • PT LT 4, PL 90 AS IN N710169; CITY OF OTTAWA
  • N/A
  • N
  • Finished
  • Central Air
  • Municipal
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BathroomSecond
BedroomSecond
BedroomSecond
LaundrySecond
Neighbourhood profile DA 35061724 · 2021 Census

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Statistics Canada, 2021 Census, Dissemination Areas (98-401-X2021006).

Properties you may like

Recently sold nearby

Multiplex · within 1.5KM · last 90 days

Addresssold priceBedroomDistance · sold
177 Goulburn Avenue, Lower Town - Sandy Hill, ON K1N 8E3$1,550,000151.2 km · 39 days ago
33 Marier Avenue, Vanier and Kingsview Park, ON K1L 5S6$1,450,000101.4 km · 38 days ago

Internet Coverage — 216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5

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FAQ
  • What is the total square footage of the x13145184 - 216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5?

    The total square footage of this property is 5000 + SqFt.

  • What schools near to x13145184 - 216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5?

    The nearest schools are École élémentaire catholique Horizon-Jeunesse for elementary and Ottawa Technical Secondary School for secondary.

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