House For Sale Ottawa Ad:994036

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CAD$998,900

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House 3 bedrooms
For Sale
Sandy Hill
Canada

Great professional / investor detached brick house on a TM mixed usage residential /
commercial lot

SUMMARY DESCRIPTION:

FOR SALE: 271 McArthur Avenue, Ottawa resides on a TM Zone lot hosting a
charming and well maintained two-floor detached brick house with a separate
storage/workshop on a foundation and with electricity. This property is located on a
lovely fenced and treed backyard, 5 minutes from downtown Ottawa.

GREAT ZONING: This mixed usage residential/commercial property offers one of the
most versatile and best value for money opportunity ($$/ft2) you can currently get for
a property on a TM zoned lot in Ottawa. This buyer`s purchase opportunity is ideal for
any professional such as an accountant, lawyer, real estate agent, consultant and/or
investor who wants to take advantage of its live in, exploit it for business, rent it
and/or hold onto it for future TM zoned investment/construction project as the lot can
be used for a developmental project/construction of up to 20 meters high - 6 floors
building. Please note that the governments are promoting such projects along with
the densification of the population in downtown Vanier-Ottawa where citizens must be
able to get their service needs met within 15 minutes of walk from their
accommodation.

GREAT RENTAL INCOME: Since 2005 this large two bedroom home with a great home
office suite (or 3rd bedroom) located in the basement has been used to earn
residential rental income without interruption with full insurance coverage. The net
income is $30 000/year with potential for increase with no or a minimal investment.
The property for sale is owned by `GetITExperT Inc.` or in French `AcquIerTExperT
Inc.` (3775356 Canada Inc.) a business delivering Information Technology (IT),
Information Management (IM) and Project Management services since 2000. The
business is not included in the listed sale price.

GREAT RENTAL INCOME: Since 2005 this large two bedroom home with a great home
office suite (or 3rd bedroom) located in the basement has been used to earn
residential rental income without interruption with full insurance coverage. The net
income is $30 000/year with potential for increase with no or a minimal investment.

GREAT LOCATION: This property offers an easy access to the city bus, cycling paths,
schools, shopping malls, restaurants, Queensway, hospitals, arena, and the bridges to
the province of Quebec. It is also close to several Embassies and government
departments/agencies. The bus stops are located one house away to the property for
expedite transport to the Rideau or St-Laurent shopping mall. The bus schedule runs
every 15 minutes at peak hours.

DISCLAIMER: The information provided in this AD is provided in good faith by the
seller. Before making a purchase offer, potential buyers need to do their own
verifications in contacting the Ottawa municipal authorities for any project that
implies a change of property use and development. Thank you for your time and
interest.

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