For sale
Other

229 Elgin Street W

$649,900
Arnprior, Ontario, K7S 1P4

Overview

  • Updated On:
  • February 12 2025
  • MLS® Number
  • X11950554
  • 8 Bedrooms
  • 5 Bathrooms

Description

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:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Other
Storeys: 2
Cooling & Heating
Natural gas
Forced air
ExteriorFinish
Vinyl siding
Brick
$ 3,332.17
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,519.79
Bedroom
BedroomsAboveGround: 8
BedroomsTotal: 8
Bathroom
BathroomTotal: 5
Basement
BasementDevelopment: Unfinished
BasementType: N/A (Unfinished)
Construction
FoundationType: Poured Concrete, Slab
Utility
UtilityWater: Municipal water
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
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