$2,595,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 11Bathrooms: 6Lot: 40 x 95.88 ft
2025 Taxes: $12,958

216 Mcarthur Ave
Vanier And Kingsview Park, ON K1L 6P5 | 3404 - Vanier | Ottawa

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 50-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.
Extras
Water Heater, Upgraded Insulation, Separate Hydro Meter, Separate Heating Controls, Intercom, ERV/HRV
Share
Listed By ALL/PRO REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13145184
Last Updated May 19, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 042480148
Legal Description PT LT 4, PL 90 AS IN N710169; CITY OF OTTAWA
Taxes (2025) $12,958
Directions/Cross Streets VANIER PARKWAY
Neighbourhood 3404 - Vanier
Area Ottawa
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 11
Bathrooms 6
Lot 40 x 95.88 ft
Exterior Brick
Air Conditioning Central Air
Basement Finished
Garage Type None
Parking Spaces 2
Heat Source Electric
Heat Type Heat Pump
Sewers Septic

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)