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289 Mcarthur Avenue in Ottawa for sale

Asking price
$949,000
Estimate (Jul 31)
$960,482
MLS #:
X13620328
Type:
Triplex, 3-Storey
Approx. SQFT:
3500-5000
Basement:
Other
8 8
2 29 x 97 ft lot
Exceptional Investment & Redevelopment Opportunity - TM Zoned TriplexRare opportunity to acquire a well-maintained, income-producing triplex in the heart of Vanier with highly desirable Traditional Mainstreet (TM) zoning, offering outstanding flexibility for investors, developers, and owner-operators alike.This fully leased property features three residential units, all occupied by long-term tenants, providing stable and reliable rental income from day one. Additional revenue is generated through two detached garages that are currently rented, as well as a coin-operated laundry for tenant convenience.The property's Traditional Mainstreet (TM) zoning significantly enhances its long-term value by permitting a broad range of residential, commercial, and mixed-use opportunities. Continue operating the property as a successful triplex, renovate and add value, or explore the potential to redevelop into a higher-density residential or mixed-use building. TM zoning is designed to encourage intensification along established urban corridors and permits a variety of uses, including apartment dwellings, retail, offices, restaurants, professional services, and mixed-use developments.Situated along the McArthur Avenue corridor, this prime location offers quick access to downtown Ottawa, public transit, shopping, restaurants, schools, parks, hospitals, and the Rideau River pathways, making it an attractive location for both tenants and future redevelopment.Whether you're seeking a turnkey investment with dependable cash flow, land for future redevelopment, or a property with commercial and mixed-use potential, 289 McArthur Avenue presents an exceptional opportunity in one of Ottawa's established and evolving urban neighbourhoods.

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  • Date Listed: Monday, July 27, 2026
  • Listing Brokerage: Solid Rock Realty - Disclaimer: The information contained in this listing has not been verified by Solid Rock Realty and should be verified by the buyer.
  • City: Ottawa

    More 8 bedrooms homes for sale in Ottawa

  • Neighbourhood: Vanier
  • Major Intersection: McArthur
  • Full Address: 289 Mcarthur Avenue, Ottawa, K1L 6P3, Canada, ON, Canada
  • Kitchen:
  • Kitchen:
  • Living Room:
  • Kitchen:
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  • Amenities:
  • Taxes: $5,509.67 (2025)
Br11 x 11 ft121 sq ft
2nd Br11 x 9 ft99 sq ft
3rd Br11 x 9 ft99 sq ft
Dining11 x 10 ft110 sq ft
Kitchen13 x 10 ft130 sq ft
Bathroom7 x 5 ft35 sq ft
Br11 x 10 ft110 sq ft
2nd Br11 x 9 ft99 sq ft
3rd Br11 x 10 ft110 sq ft
Dining11 x 10 ft110 sq ft
Kitchen11 x 10 ft110 sq ft
Bathroom7 x 5 ft35 sq ft
Br11 x 10 ft110 sq ft
2nd Br11 x 10 ft110 sq ft
Living19 x 13 ft247 sq ft
Kitchen11 x 10 ft110 sq ft
Laundry11 x 13 ft143 sq ft
Bathroom8 x 5 ft40 sq ft
Living19 x 13 ft247 sq ft
Living19 x 13 ft247 sq ft

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.