29
See all 29 photos
$649,900
Est. payment /mo
8 Beds
5 Baths
Active
229 Elgin ST W Arnprior, ON K7S 1P4
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision 550 - Arnprior
MLS Listing ID X11950554
Style 2-Storey
Bedrooms 8
Annual Tax Amount $3,891
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 101.2
Lot Front 70.8
Property 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.
Location
Province ON
County Renfrew
Community 550 - Arnprior
Area Renfrew
Rooms
Family Room No
Basement Unfinished, Half
Kitchen 5
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle,Flat
Lot Frontage 70.8
Lot Depth 101.2
Total Parking Spaces 8
Building
Foundation Poured Concrete, Slab
Listed by RIGHT AT HOME REALTY
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