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Gary Underwood

garywunderwood@gmail.com +1(613) 862-3420

$ 2,595,000

Est. payment | -/mo

11 Beds

6 Baths

Save

$ 2,595,000

Est. payment | -/mo

Save

11 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 3404 - Vanier

MLS Listing ID X13145184

Style 2-Storey

Bedrooms 11

Annual Tax Amount $12,958

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unit residential income property was purpose-engineered to qualify for the CMHC MLI Select Program - one of the most powerful financing tools available to Canadian real estate investors today. MLI Select requires superior building quality, advanced energy systems, and measurable performance well beyond standard code. 216 McArthur delivers: energy consumption reduced by 42.7% and GHG emissions down 67.6% versus baseline, securing 50-year amortization and up to 95% LTV financing - a structural cash flow advantage built directly into the asset. Originally a 1970s triplex, the property was transformed into a modern 6-suite building through a full retrofit of the existing structure and a high-quality rear addition. Every suite features its own individual air-source heat pump, energy recovery ventilator (ERV), and electric hot water system - tenants pay their own utilities, keeping landlord operating costs lean and predictable. The building is equipped with a high-tech intercom and remote entry system, individual key fob access per unit, a building-wide security system, and exterior surveillance cameras - low-maintenance, high-tech, and purpose-built for hands-off management. Currently generating $12,800/month ($153,600/year) in gross rental income across six fully tenanted units. Don't miss this rare turnkey asset with institutional-grade financing already locked in. Contact listing agent for full financials and showing details.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Finished

Kitchen 6

Interior

Interior Features Water Heater, Upgraded Insulation, Separate Hydro Meter, Separate Heating Controls, Intercom, ERV/HRV

Cooling Central Air

Fireplace No

Heat Source Electric

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 95.88

Total Parking Spaces 2

Building

Building Age New

Foundation Poured Concrete

Others

Security Features Concierge/Security,Alarm System

ParcelsYN No

Listed by ALL/PRO REAL ESTATE LTD.

216 Mcarthur AVE Vanier And Kingsview Park, ON K1L 6P5