K1L6P5 Real Estate

K1L6P5 Real Estate

Welcome to the vibrant community of K1L 6P5, nestled in the heart of Ottawa, Ontario! This charming zip code encompasses a diverse and welcoming neighborhood, offering a delightful blend of urban convenience and suburban tranquility.

K1L 6P5 is known for its rich cultural tapestry, where residents enjoy a variety of amenities and recreational opportunities. The area boasts an array of parks, perfect for leisurely strolls, picnics, or family outings. Nearby, you’ll find the beautiful St. Laurent Complex, which features shopping, dining, and entertainment options that cater to all tastes. Whether you’re in the mood for a cozy café, a trendy restaurant, or a boutique shop, K1L 6P5 has it all.

Families will appreciate the community’s excellent schools and child-friendly facilities, making it an ideal place for raising children. The neighborhood is also well-connected to public transportation, providing easy access to downtown Ottawa and beyond. This accessibility allows residents to enjoy the best of city living while returning home to the peace and comfort of their community.

For outdoor enthusiasts, K1L 6P5 is close to several scenic trails and green spaces, perfect for biking, jogging, or simply soaking in the beauty of nature. The area's friendly atmosphere, combined with its diverse population, creates a sense of belonging that many cherish.

Whether you're looking to buy, sell, or invest, K1L 6P5 is a fantastic choice in Ottawa's real estate market. Come explore the charm and opportunities this neighborhood has to offer!

Newest Listings in K1L6P5

$1,400,000
2 Beds ⋅ 4 Baths ⋅ X13813626 MLS® #
ATTENTION BUILDERS & INVESTORS - SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa's fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.4M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits (id:5764)

218-220 Mcarthur Avenue, Ottawa

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY.

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