- Price
- $979,000
- Bedrooms
- 8
- Bathrooms
- 3
- Size
- 3,500–5,000 sq ft
- Parking
- 5 · Detached Garage · Garage
- Lot size
- 29 x 97 FT
- Basement
- Other, See Remarks
- Type
- Triplex
- Property tax
- $5,510/yr
Listing courtesy of SOLID ROCK REALTY
About this home
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. (id:66700)
- Heating
- Baseboard heaters, Electric
- Cooling
- Window air conditioner
- Exterior
- Brick
- Appliances
- Washer, Refrigerator, Stove, Dryer
Location
3404 - Vanier, Ottawa
Estimate your payment
A rough monthly cost for this home — adjust the numbers to fit your situation.
Estimated monthly payment
$4,551
or $2,275 bi-weekly
- Mortgage amount
- $783,200
- Total interest
- $582,002
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.
Planning to rent out this property?
Rental cashflow
Monthly cashflow estimate
Estimate whether a rental property carries itself after the mortgage and common operating expenses.
From this listing's tax bill ($5,510/yr)
Estimated monthly cashflow
-$2,610
-$31,316 per year
- Monthly rent
- $2,800
- Estimated monthly payment
- $4,551
- Total expenses
- $5,410
Cashflow is an estimate only and excludes income tax, repairs above reserve, vacancy beyond allowance, legal costs, and closing costs.
Listing courtesy of SOLID ROCK REALTY
Listing data last updated July 30, 2026.
Information is deemed reliable but not guaranteed and should be independently verified. Listing data is provided for personal, non-commercial use only and may not be redistributed, scraped, or used for any other purpose. Listing data is provided by the Canadian Real Estate Association’s DDF® (REALTOR.ca Data Distribution Facility). The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).