Last Sold Price
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Overview
Key Facts
Type Multi Family
Levels Residential
Size -
Garage None
Taxes $12,958
Days Active 12
Lot Size
Approx. Age
MLS® Number X13414900
Property Address: 216 Mcarthur Ave, Vanier, ON, K1L6P5
Average square foot calculated using Size range provided by listing agent.
Description
Exceptional investment opportunity in the heart of Vanier. This fully renovated and newly expanded 6-unitresidential 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.Show Description
MLS® NumberX13414900
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementFinished
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Heat Pump
A/COther
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $2,595,000
For Sale · 12 days
$2,595,000
MLS® X13414900
13 days ago
Not Sold Yet
July 2026, Canceled for $2,595,000
Canceled · 59 days
$2,595,000
MLS® X13145184
In a month
Canceled on Jul 18, 2026
June 2026, For Sale for $2,595,000
For Sale · 12 days
$2,595,000
MLS® X13414900
13 days ago
Not Sold Yet
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Owned by
© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved
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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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