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$3,200,000
Available - For Sale
Listing ID: X9515599
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: $33,462
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 x 116 (Feet)
Directions/Cross Streets: 3 blocks west of St Laurent Blvd, on the south side of McArthur.
Zoning: TM - Corridor
Category: Retail
Total Area: 8,500
Retail Area: 8500
Gross Income/Sales: $0
Net Income Before Debt: $200000
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RE/MAX HALLMARK REALTY GROUP

390 MCARTHUR Ave , Vanier and Kingsview Park, K1L 6N6, Ontario


 
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Type: Com - Commercial/Retail
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
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Lot Size: 140.00 x 116.00(Feet)
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Tax: $33,462
Maintenance Fee: $0
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