229 Elgin Street W Arnprior, Ontario K7S 1P4
$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:37553)
Property Details
| MLS® Number | X11950554 |
| Property Type | Multi-family |
| Community Name | 550 - Arnprior |
| Parking Space Total | 8 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Vinyl Siding, Brick |
| Foundation Type | Poured Concrete, Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 101 Ft ,2 In |
| Size Frontage | 70 Ft ,9 In |
| Size Irregular | 70.8 X 101.2 Ft |
| Size Total Text | 70.8 X 101.2 Ft |
| Zoning Description | Multiplex |
Utilities
| Sewer | Installed |
https://www.realtor.ca/real-estate/27865958/229-elgin-street-w-arnprior-550-arnprior
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February 03 2025 08:00:00
Ottawa Real Estate Board
Right At Home Realty