216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5
$2,595,000
216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5, Vanier and Kingsview Park, ON
Bed 6
Bath 6
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 40-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.
Property Highlights
For Sale
MLS NO.
X13414900
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
6
Bathrooms
6
Parking
2.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13414900
Living Area Range
5000 +
Total Bedrooms
6
Bedrooms Above Grade
6
Total Bathrooms
6
Total Kitchens
6
Kitchens Above Grade
6
Rooms Above Grade
30
Interior Features
Water Meter, Water Heater Owned, Upgraded Insulation, Storage, Separate Heating Controls, ERV/HRV
Fireplace
No
Central Vacuum Yn
No
Security Features
Alarm System, Smoke Detector, Monitored, Concierge/Security, Security System
Construction
Brick, Aluminum Siding
Roof
Asphalt Shingle
Lot Width
40.0
Lot Size Units
SquareFeet
Parking Total
2.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Other
Heat Source
Electric
Heat Type
Heat Pump
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5
City
Vanier and Kingsview Park
Neighbourhood
3404 - Vanier
County / Region
Ottawa
Province / State
ON
Postal Code
K1L 6P5
Cross Street
VANIER PARKWAY
Directions
VANIER PARKWAY TO MCARTHUR AVE
Country
CA
List Price
$2,595,000
Annual Taxes
$12,958
Tax Year
2026
Legal Description
PT LT 4, PL 90 AS IN N710169, CITY OF OTTAWA
Possession Type
Immediate
Possession Details
TBA
Listing Office
CHRIS HILLIARD REALTY INC.
Board
Ottawa Real Estate Board
Original Entry
2026-06-08T15:54:16Z
Media Updated
2026-06-29T14:04:49Z
Photos Updated
2026-06-29T14:04:49Z
Last Modified
2026-06-29T14:04:49Z
System Modified
2026-07-06T21:40:21.73323Z
MLS Status
New
Architectural Style
2-Storey
Basement
Finished
Ddfyn
Yes
Expiration Date
2026-11-30
Foundation Details
Poured Concrete
Heat Source Multi
Electric
Heat Type Multi
Heat Pump
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
042480148
Parking Spaces
2
Public Remarks
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 40-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.
