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Vanier · K1L 6P5
$1,400,000
MLS® #X13813626
2
Bedrooms
4
Bathrooms
1500-2000
Square Feet
About this property
ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.4M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits
General information
Building and mechanicals
Basement
Parking and garage
Lot and land
Interior features
Features
Pool
Taxes
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main | 6' 7" × 8' 2" |
| Bathroom | Main | 5' 11" × 5' 11" |
| Living Room | Main | 11' 6" × 11' 6" |
| Kitchen | Main | 9' 10" × 6' 7" |
| Bedroom | Main | 9' 10" × 9' 10" |
| Bathroom | Main | 4' 11" × 5' 11" |
| Living Room | Main | 9' 10" × 6' 7" |
| Kitchen | Second | 8' 2" × 8' 2" |
| Living Room | Second | 11' 6" × 9' 10" |
| Kitchen | Second | 8' 2" × 6' 7" |
| Living Room | Second | 11' 6" × 9' 10" |
| Bathroom | Second | 5' 11" × 4' 11" |
| Bathroom | Second | 5' 11" × 4' 11" |
| Bedroom 2 | Second | 11' 6" × 9' 10" |
Mortgage estimate
Estimated monthly payment
$5,912
Down payment: $280,000 · Loan: $1,120,000
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
Listing record
Listing courtesy of: ROYAL LEPAGE INTEGRITY REALTY. Originating board: the A00001796.
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The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: Sep 22, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.