ON > Vanier And Kingsview Park
Vanier And Kingsview Park, ON K1L 6N6,390 MCARTHUR AVE
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Vanier And Kingsview Park, ON K1L 6N6,390 MCARTHUR AVE
Vanier And Kingsview Park, ON K1L 6N6,390 MCARTHUR AVE
Vanier And Kingsview Park, ON K1L 6N6,390 MCARTHUR AVE
Vanier And Kingsview Park, ON K1L 6N6,390 MCARTHUR AVE
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 3,200,000
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390 MCARTHUR AVE Vanier And Kingsview Park, ON K1L 6N6

8,500 SqFt

UPDATED:

11/20/2024 11:07 PM

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Pending

Purchase Type For Sale

Square Footage 8,500 sqft

Price per Sqft $376

MLS Listing ID X9515599

Annual Tax Amount $33,462

Tax Year 2023

Property Description

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).

Location

Province ON

County Ottawa

Area 3404 - Vanier

Rooms

Family Room No

Interior

Cooling Unknown

Exterior

Garage Spaces 21.0

Pool None

Utilities Available Unknown

Roof Type Unknown

Others

Security Features Unknown

Pets Description Unknown

Listed by RE/MAX HALLMARK REALTY GROUP
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390 MCARTHUR AVE