216 MCARTHUR AVENUE

Ottawa, , K1L6P5, Canada

$2,595,000

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: Washer, Refrigerator, Water meter, Intercom, Dishwasher, Stove, Dryer, Water Heater

Virtual Tour: https://tours.virtualtoursottawa.com/2386999

Last updated on : Tuesday 19th of May 2026 03:45:48 PM

ADDRESS

Street : 216 MCARTHUR AVENUE

City : Ottawa

Country : Canada

Postal Code : K1L6P5

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PROPERTY SUMMARY

Property ID : X13145184

Building Type : Other

Property Type : Multi-family

Bedrooms : 11

Bathrooms : 6

Parking : 2

Parking Type: No Garage

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