$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
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
Estimated mortgage payment
$11,490 per month
- Principal and interest
- $11,490
- Property tax
- $1,080
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $570,350
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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