Gurvinder Nokwal REALTOR®
For Sale Multiplex 136 days on market

$2,595,000

Est. payment $11,490/moCalculate yours

216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5

3404 - Vanier, Vanier and Kingsview Park, ON K1L 6P5

  • 6 Beds
  • 6 Baths
  • 5,000 Sq Ft
Map

Listing courtesy of CHRIS HILLIARD REALTY INC. MLS® X13414900

About this home

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 40-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.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
New
Size
5,000 sqft

Interior

Bedrooms
6
Bathrooms
6
Kitchens
6
Basement
Finished

Building & Systems

Heating
Heat Pump (Electric)
Cooling
Other
Exterior
Brick, Aluminum Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
40 x 95.88 Feet
Parking
None garage · 2 total

Financial

Property Taxes
$12,958 (2026)

Location

Neighbourhood
3404 - Vanier
Cross Street
VANIER PARKWAY
Direction Faces
South

Listing

MLS® Number
X13414900
Days on Market
136
Listed On
2026-06-04
Possession
TBA
Listed By
CHRIS HILLIARD REALTY INC.

Features

Interior

  • Water Meter
  • Water Heater Owned
  • Upgraded Insulation
  • Storage
  • Separate Heating Controls
  • ERV/HRV

Pool

  • None
Included
6 FRIDGES, 6 STOVES, 6 DISHWASHER, 6 DRYERS, 6 WASHERS,

Mortgage calculator

Minimum for this price: $519,000 (20%)

Amortization, years

Estimated mortgage payment

$11,490 per month

Principal and interest
$11,490
Property tax
$1,080
Estimated monthly cost
$12,570

Your mortgage

Mortgage amount
$2,076,000
Mortgage insurance
Not needed
Interest over 25 years
$1,371,030

Cash to close

Down payment
$519,000
Land transfer tax
$51,350
Total, before legal fees
$570,350
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5 3404 - Vanier, Vanier and Kingsview Park, ON K1L 6P5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$2,595,000 216 Mcarthur Avenue, Vanier and Kingsview Park, ON K1L 6P5
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