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$ 649,900
Est. payment /mo
New
229 Elgin ST W Arnprior, ON K7S 1P4
8 Beds
5 Baths
UPDATED:
02/01/2025 01:12 PM
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 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
Garage Spaces 8.0
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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