309 Cyr Avenue, Vanier and Kingsview Park, ON K1L 7N6
3404 - Vanier, Vanier and Kingsview Park · Near Montreal Road · View map
About this home
Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer!
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 8
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 30
- Basement
- Full
- Lot size
- 64 x 96 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Aluminum Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Private
Taxes & other
- Property taxes
- $8,759/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Montreal Road
- Neighbourhood
- 3404 - Vanier
More
- Price per sq ft
- ~$294 (at 4,250 sq ft)
- MLS® number
- X12905856
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
309 Cyr Avenue, Vanier and Kingsview Park, ON K1L 7N6
3404 - Vanier, Vanier and Kingsview Park · Near Montreal Road
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Listing history for 309 Cyr Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 309 Cyr Avenue
Answers come straight from this home’s MLS® listing.
How much is 309 Cyr Avenue listed for, and what would it cost each month?
309 Cyr Avenue is listed for $1,250,000. With 20% down ($250,000), the mortgage payment would be roughly $5,042 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,772 a month, all in. That figure is an illustration, not a quote.
Is 309 Cyr Avenue freehold or a condo, and is there a monthly fee?
309 Cyr Avenue is a multiplex in 3404 - Vanier, Vanier and Kingsview Park. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 309 Cyr Avenue have?
309 Cyr Avenue has 8 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 309 Cyr Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 309 Cyr Avenue have a finished basement?
The listing describes the basement as full.
What style of home is 309 Cyr Avenue?
309 Cyr Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 309 Cyr Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 64 x 96 ft.
How is 309 Cyr Avenue heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 309 Cyr Avenue?
Property taxes are $8,759 a year (2025), or about $730 a month.
Where is 309 Cyr Avenue?
309 Cyr Avenue is in the 3404 - Vanier community of Vanier and Kingsview Park. The nearest main intersection is Montreal Road. The postal code is K1L 7N6.
Is 309 Cyr Avenue still for sale?
Yes. It is an active listing (MLS® X12905856). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 309 Cyr Avenue asking?
Similar properties for sale nearby right now include 289 Mcarthur Avenue at $949,000 (8 bed), 315 Lajoie Street at $900,000 (6 bed) and 34-40 Barrette Street at $1,095,000 (8 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 309 Cyr Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 309 Cyr Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 3404 - Vanier, picked by style, size and price.
Triplex$949,000289 Mcarthur Avenue, Vanier and Kingsview Park8 bed · 3 bath · 3404 - VanierCourtesy of: SOLID ROCK REALTYView home →
Triplex$900,000315 Lajoie Street, Vanier and Kingsview Park6 bed · 3 bath · 3404 - VanierCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Duplex$1,095,00034-40 Barrette Street, Vanier and Kingsview Park8 bed · 4 bath · 3402 - VanierCourtesy of: ROYAL LEPAGE TEAM REALTYView home →Courtesy of: SUTTON GROUP - OTTAWA REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.