$3,200,000
Available - For Sale
Listing ID: X9515599
390 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6N6, Ontario
| 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). |
| Price | $3,200,000 |
| Taxes: | $33462.00 |
| Occupancy by: | Owner |
| Address: | 390 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6N6, Ontario |
| Postal Code: | K1L 6N6 |
| Province/State: | Ontario |
| Legal Description: | LT 3, PL 337 ; PT LTS 1 & 2, PL 337 , AS |
| Lot Size: | 140.00 x 116.00 (Feet) |
| Directions/Cross Streets: | 3 blocks west of St Laurent Blvd, on the south side of McArthur. |
| Category: | Retail |
| Building Percentage: | Y |
| Total Area: | 8500.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 8500 |
| Retail Area Code: | Sq Ft |
| Financial Statement: | N |
| Chattels: | N |
| Franchise: | N |
| Gross Income/Sales: | $0 |
| Net Income Before Debt: | $200000 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Heat Type: | Gas Hot Water |
| Water: | Municipal |
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| RE/MAX HALLMARK REALTY GROUP |
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Aneta Andrews
Broker
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Lot Size: | 140.00 x 116.00(Feet) |
| Tax: | $33,462 |
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