75 Genest Street

FOR SALE
$2,599,000
75 Genest Street, Vanier And Kingsview Park
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
75 Genest Street
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12
BEDROOMS
6
BATHROOMS
6
KITCHENS
24
ROOMS
X13144942
MLSID
Contact Us
Property Description
-- Sellers are open to VTB -- Fully renovated 6-unit building, approximately 90% rebuilt with major capital expenditures completed in 2025. Completely vacant and exceptional value-add opportunity for investors or owner-occupants looking to establish market rents from day one.Each unit features modern finishes including melamine countertops, engineered wood flooring, and Samsung appliances (stove, refrigerator, dishwasher, and over-the-range microwave/hood fan included). Units are equipped with individual hot water tanks, air exchangers, and heat pumps, with primary heating via electric baseboards.The building offers a central fire protection system including an FX-4000 intelligent fire detection and voice evacuation system. Telecommunications wiring (Bell and Videotron) has already been installed in each unit. Each apartment has its own 100-amp electrical panel.Additional features include new rear balconies, crank-style windows, commercial-grade carpeting in common stairways, and solid concrete separation walls between left and right units for enhanced soundproofing and fire resistance.Turnkey asset with strong income potential and minimal capital expenditure required. Ideally located near services, public transit, and amenities.A rare opportunity on the Ottawa market.
Property Features
Air Exchanger, Separate Heating Controls
Property Details
Address
75 Genest Street
Community
Postal Code
K1L 7Z1
Property Type
Multiplex, Multiplex
Lot Size
42' x 99'
Taxes
$7,669 (2025
Basement
Apartment
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
6
Garage Type
None
Listing contracted with Re/Max Hallmark Realty Group
216 Mcarthur Avenue, Vanier And Kingsview Park
11
BEDS
6
BATHS
$2,595,000
FOR SALE
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 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.
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