218-220 Mcarthur Avenue

As stated by the MLS®, nothing inferred.

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$239,900

Below recent sales

158B Mcarthur Avenue, Unit 1807

2 bed · 1 bath·800-899 sq ft·1 parking·$729/mo fee

Ottawa

Listed 1 day ago · RE/MAX Prime Properties

Detached

$599,900

Above recent sales

321 Savard Avenue

3 bed · 1 bath·700-1100 sq ft·4 parking

Ottawa

Listed 1 day ago · RE/MAX Affiliates Results Realty Inc.

Condo Apartment

$599,000

Above recent sales

997 North River Road, Unit 101C

2 bed · 2 bath·1200-1399 sq ft·2 parking·$1,206/mo fee

Ottawa

Listed 2 days ago · Royal LePage Team Realty

• Listing states: renovated

Common Element Condo

$269,000

158 A Mcarthur Ave Avenue, Unit 510

2 bed · 1 bath·900-999 sq ft·1 parking·$788/mo fee

Ottawa

Listed 5 days ago · RE/MAX Absolute Realty Inc.

Vacant Land

$1,100,000

12 MCARTHUR Avenue

— bed · — bath

Ottawa

Listed 5 days ago · Power Marketing Real Estate Inc.

Triplex

$674,900

193 DESCHAMPS Avenue

4+2 bed · 3 bath·1500-2000 sq ft·3 parking

Ottawa

Listed 1 day ago · Engel & Volkers Ottawa

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 $1.4M 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