374 Mcarthur Avenue, Ottawa | Image 1

374 Mcarthur Avenue

Ottawa, Vanier

  • Commercial

$1,990,000
For Sale

Added 3 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: TM

  • Age: No Data

  • Taxes: 3837

  • MLS®#: X8016124

  • Days on Site: 87 Days

  • Added: Jan 19, 2024 (3 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: INTERNATIONAL REALTY FIRM, INC.

Vacant lot with shovel ready development project. Site plan approved for a 6-storey, 64-unit residential building appraised at $22M+ with ground level parking, bike storage, lockers, laundry, a gym, and more. Building permits are 75% done and land is appraised at $2.6M. Ideal for any real estate developers, or builders.

Extras

The development scores a 100% energy rating which qualifies for CMHC MLI Select Financing program. Buyer can take advantage of heavily subsidized CMHC loans, including 50-year amortization and lowest interests rates on the market

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Ottawa

  • Community: Vanier

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT B, PL 131, BEING PART 1 ON PLAN 4R-27630 CITY OF OTTAWA

  • Taxes: $3,837

  • Taxes Type: Annual

Land

  • Cross Street: Mcarthur Ave / St. L

  • Municipality District: Ottawa

  • Parcel Number: 042470087

  • Sewer: Sanitary

  • Lot Depth: 190.77 Feet

  • Lot Frontage: 65.92 Feet

  • Zoning: TM

Commercial Specific

  • Total Area: 12572

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 374 Mcarthur Avenue, Ottawa
JK-6

Queen Mary Street Public School

Elementary: Public
0.91 km
JK-6

Assumption Catholic Elementary School

Elementary: Catholic
0.83 km
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St Michael Elementary School

Elementary: Catholic
0.40 km
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Robert E. Wilson Public School

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Queen Elizabeth Public School

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École élémentaire catholique Horizon-Jeunesse

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Ottawa Technical Secondary School

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Hillcrest High School

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École secondaire catholique Collège catholique Samuel-Genest

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École secondaire publique De La Salle

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École secondaire catholique Franco-Cité

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19 Marier Avenue North, Ottawa | MLS: X8123174
For Sale
1 month ago
$1,600,000
  • 0 bath
  • 0 bed

19 Marier Avenue North, Ottawa, Ontario • K1L 5S6 • Vanier