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.
Address
229 Elgin Street W
List Price
$649,900
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Area
Arnprior
Sub-Area
550 - Arnprior
County
Renfrew
Bedrooms
8
Bathrooms
5
Lot Depth
101.2
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
70.8
MLS® Number
X11950554
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Unfinished, Half
Postal Code
K7S 1P4
Parking
Private
Parking Places (Total)
8
Tax Amount
$3,891.00
Tax Year
2024
Interior Features
None
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Vinyl Siding, Brick
Direction Faces
North
Foundation Details
Poured Concrete, Slab
Garage Type
None
Kitchens Total
5
Pool Features
None
Roof
Asphalt Shingle, Flat
Sewer
Sewer
