613-852-9600


LOADING

229 Elgin Street W Arnprior, Ontario K7S 1P4

8 Bedroom 5 Bathroom
Forced Air

$649,900

Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. This property has been well-maintained and brought up to date over the years. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 10 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investor as this building has many underperforming units, some are 50%below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. (id:35885)

Property Details

MLS® Number X11950554
Property Type Multi-family
Community Name 550 - Arnprior
ParkingSpaceTotal 8

Building

BathroomTotal 5
BedroomsAboveGround 8
BedroomsTotal 8
BasementDevelopment Unfinished
BasementType N/a (unfinished)
ExteriorFinish Vinyl Siding, Brick
FoundationType Poured Concrete, Slab
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
Type Other
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 101 Ft ,2 In
SizeFrontage 70 Ft ,9 In
SizeIrregular 70.8 X 101.2 Ft
SizeTotalText 70.8 X 101.2 Ft
ZoningDescription Multiplex

Utilities

Sewer Installed

https://www.realtor.ca/real-estate/27865958/229-elgin-street-w-arnprior-550-arnprior

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February 12 2025 07:00:36

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