26 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6R2
$5,000,000
26 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6R2, Vanier and Kingsview Park, ON
Bed 16
Bath 12
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.
Property Highlights
For Sale
MLS NO.
X12392560
Type
Residential Freehold
Sub Type
Detached
Bedrooms
16
Bathrooms
12
Complete Property Details
Property Type
Residential Freehold
Sub Type
Detached
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12392560
Living Area Range
5000 +
Total Bedrooms
16
Bedrooms Above Grade
16
Total Bathrooms
12
Total Kitchens
12
Kitchens Above Grade
12
Rooms Above Grade
40
Interior Features
Carpet Free, Separate Hydro Meter, Storage Area Lockers, Air Exchanger, Water Heater, Ventilation System, Separate Heating Controls
Fireplace
No
Central Vacuum Yn
No
Construction
Stone, Other
Roof
Flat, Tar and Gravel
Lot Width
47.84
Lot Size
4381.0
Lot Size Units
SquareFeet
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Wall Unit(s)
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
26 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6R2
City
Vanier and Kingsview Park
Neighbourhood
3403 - Vanier
County / Region
Ottawa
Province / State
ON
Postal Code
K1L 6R2
Cross Street
Lake Ave. W
Directions
South side of Mc Arthur Ave. to the east of North River road.
Country
CA
List Price
$5,000,000
Annual Taxes
$14,637
Tax Year
2025
Legal Description
Lot 66 on Plan 239
Possession Type
30-59 days
Possession Details
60 days
Listing Office
RE/MAX HALLMARK REALTY GROUP
Board
Ottawa Real Estate Board
Original Entry
2025-09-09T20:08:22Z
Media Updated
2025-09-15T18:38:15Z
Photos Updated
2025-09-15T18:38:15Z
Last Modified
2026-03-24T05:41:08Z
System Modified
2026-03-24T05:41:08.210862Z
MLS Status
Expired
Architectural Style
Other
Basement
Finished, Apartment
Co List Office Name
RE/MAX HALLMARK REALTY GROUP
Ddfyn
Yes
Expiration Date
2025-12-04
Foundation Details
Poured Concrete
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
In Addition To
Link Yn
No
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
042490043
Parking Spaces
0
Public Remarks
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.
