26 Mcarthur Avenue Ottawa, Ontario K1L 6R2
$5,000,000
Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market. (id:50886)
Property Details
| MLS® Number | X12392560 |
| Property Type | Single Family |
| Community Name | 3403 - Vanier |
| Features | Flat Site, Carpet Free |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 16 |
| Bedrooms Total | 16 |
| Amenities | Separate Electricity Meters, Separate Heating Controls |
| Appliances | Water Heater |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit, Air Exchanger, Ventilation System |
| Exterior Finish | Stone |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 91 Ft ,9 In |
| Size Frontage | 47 Ft ,9 In |
| Size Irregular | 47.8 X 91.8 Ft |
| Size Total Text | 47.8 X 91.8 Ft |
https://www.realtor.ca/real-estate/28838274/26-mcarthur-avenue-ottawa-3403-vanier
Contact Us
Contact us for more information
Abbas Saad
Broker
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com/
Anthony Vallee
Salesperson
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com/
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September 10 2025 03:28:32
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group