118 Marier Avenue
Vanier And Kingsview Park, Ottawa ON K1L 5S1
$1,379,000
Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one. There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St. Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details.
| Listing Key: | X13869952 |
|---|---|
| List Price: | $1,379,000 |
| Property Type: | Commercial |
| Property Sub Type: | Investment |
| Property Status: | Active |
| Bathrooms Total Integer: | 6 |
| Tax Annual Amount: | $9,666 |
| Waterfront?: | No |
| City: | Vanier And Kingsview Park |
| City Region: | 3402 - Vanier |
| Postal Code: | K1L 5S1 |
| Basement Yn: | No |
| Bathrooms Total Integer: | 6 |
| Building Area Total: | 3590.0 |
| Building Area Units: | Square Feet |
| City Region: | 3402 - Vanier |
| Contract Status: | Available |
| Cooling: | No |
| Cross Street: | Beechwood to Marier |
| Ddfyn: | Yes |
| Electric Expense: | $5,520 |
| Expenses: | Estimated |
| Freestanding Yn: | Yes |
| Garage Type: | None |
| Gross Revenue: | 107,549.0 |
| Heating Expenses: | 3,900.0 |
| Heat Type: | Other |
| Holdover Days: | 45 |
| Hst Application: | Included In |
| Inclusions: | 6 Fridge, 6 Stove, coin operated washer/dryer |
| Insurance Expense: | $6,840 |
| Listing Contract Date: | 2026-10-05 |
| Listing Key: | X13869952 |
| List Price Unit: | For Sale |
| Lot Depth: | 89.89 |
| Lot Size Units: | Feet |
| Lot Type: | Building |
| Lot Width: | 65.92 |
| Maintenance Expense: | $5,165 |
| Status: | New |
| Net Operating Income: | $72,465 |
| Original List Price: | $1,379,000 |
| Parcel Number: | 042350283 |
| Parking Spaces: | 5 |
| Possession Details: | TBD |
| Property Use: | Apartment |
| Rental Items: | None |
| Roll Number: | 061490040102600 |
| Sewer: | None |
| State Or Province: | ON |
| Tax Type: | Annual |
| Tax Year: | 2026 |
| Transaction Type: | For Sale |
| Utilities: | Yes |
| Washrooms Type1: | 6 |
| Water: | Municipal |
| Water Expense: | 5,400.0 |
| Year Expenses: | 35,083 |
| Zoning: | R4E |
| Directions: | Beechwood to Marier |
| Possession Type: | Flexible |
| Heat Type Multi: | Other |
| County Or Parish: | Ottawa |
| City: | Vanier and Kingsview Park |
Listing Courtesy of: LOTFUL REALTY
Listing Agent:
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© 2026 Toronto Real Estate Board.
Toronto Real Estate Board data last updated on October 08, 2026 05:01 PM - ET.
Property Last Updated: October 08, 2026 05:01 PM - ET
