OPPORTUNITY KNOCKS. DOWNTOWN ARNPRIOR. MIXED USED MULTIPLEX with MU/C zoning in a superb high visibility location on Madawaska St, the location can not be beat for exposure, walkability and future land value. This GEM pulls POSITIVE CASH FLOW and an 8% CAP RATE. Consisting of 3 independent units. 1) BRAND NEW 4 BEDROOM RESIDENTIAL UNIT, completely rebuilt from studs in 2024 w/ fire code (Currently Vacant and Move in Ready) 2) STOREFRONT Commercial Unit (tenant in place). 3) Rear 2 bedroom + Den residential unit (tenant in place). EXCEPTIONAL VALUE. IDEAL FOR OWNER LIVE USE OR INVESTMENT OPPORTUNITY...Endless Opportunities!!. Each Residential unit has their own driveway/parking. High value upgrades in recent years: Metal Roof 2018, 2x Gas Furnace 2022. 2bed unit is monthly, rent is $1230/m + gas/hydro. Commercial Unit Rent is on lease to May 2029 (Buyer option to terminate) $1636/m + hydro. 4Bed is vacant, market rent ~2k+. Tenants pay utilities. (gas/hydro). Owner pays: Water/Taxes/Insurance. 3 separate hydro meters/panels, 2 gas meters. Both RES units are forced air natural gas, COM unit is electric baseboard. LOT SIZE OF 75 x150 allows for redevelopment in the future. See floor-plan attached for layout. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings.
Address
47 Madawaska Street
List Price
$585,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
sale
Area
Arnprior
Sub-Area
550 - Arnprior
Region
Renfrew
Bedrooms
6
Bathrooms
3
Floor Area
3000 - 3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
150
Lot Size Units
Feet
Lot Width
75
Approx. Age
100+ Years
MLS® Number
X12283721
Listing Brokerage
PAUL RUSHFORTH REAL ESTATE INC.
Basement Area
Unfinished
Postal Code
K7S 1R8
Parking
Private Double, Private
Parking Places (Total)
4
Tax Amount
$4,974.78
Tax Year
2025
Interior Features
None
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Vinyl Siding
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage Type
None
Kitchens Total
2
Pool Features
None
Roof
Metal
View Type
Downtown
Waterfront
No
Waterfront
None
Sewer
Sewer
