390 Mcarthur Avenue Home For Sale Ottawa, Ontario K1L 6N6
1391663
Instantly Display All Photos
Complete this form to instantly display all photos and information. View as many properties as you wish.
$3,200,000
Well maintained commercial building currently used as a medical center, with a doctor's office, a pharmacy, and a dentist. Traditional Mainstreet Corridor (TM zone) allows a wide variety of retail and business uses. Built around 1981, with an annex built by Domicile in about 1987. Approximately 8,500 sq' gross floor area on 2 floors. It has frontage on 3 streets, and has 2 separate parking lots (21 parking spaces plus 5 cash in lieu). 2 units have been left vacant so a new buyer can either use the space, or find new tenants at market rates (likely $30 triple net).The medical practice occupies the upper floor, and they will rent back for a period of time at market rates, or vacate, depending on the buyer. Potential over $200,000 triple net income. Also has future development potential - TM Mainstreet Corridor - 9 storey building height permitted with new OP and new zoning bylaw, 14,284 sq' lot size (have your planner check it out). (id:34792)
Property Details
| MLS® Number | 1391663 |
| Property Type | Retail |
| Neigbourhood | Vanier South/Overbrook |
| Parking Space Total | 21 |
Building
| Constructed Date | 1981 |
| Size Interior | 8500 Sqft |
Land
| Acreage | No |
| Size Depth | 116 Ft |
| Size Frontage | 140 Ft |
| Size Irregular | 140 Ft X 116 Ft (irregular Lot) |
| Size Total Text | 140 Ft X 116 Ft (irregular Lot) |
| Zoning Description | Tm - Corridor |
https://www.realtor.ca/real-estate/26901009/390-mcarthur-avenue-ottawa-vanier-southoverbrook
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 25 2024 03:11:57
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
