Fantastic investment opportunity in downtown Arnprior! This updated and fully leased multiplex is perfect for owner-occupied use or as a strong addition to your rental portfolio. Walk to shopping, restaurants and retail, located on a quiet street, the property has been exceptionally maintained with long-term, adult tenants in a non-smoking building. The building has had zero rent arrears in the past 14 years, showcasing its stability and reliability. Financial highlights include annual rents of $48,780, expenses of $8,752, and a net operating income of $40,028, providing a healthy 5.8% cap rate. Tenants pay their own hydro with separately metered units, and the property also offers on-site laundry, four parking spaces, and a strong rental history. Inclusions are 4 fridges, 4 stoves, 3 air conditioning units, and washer/dryer. Showings require 24 hours notice. Please allow 24 hours irrevocable on all offers. Vendor may consider assisting with financing. Contact the listing agent for complete financial details. Kindly do not access the property without prior arrangements.
Address
71 Mcgonigal Street W
List Price
$678,800
MLS® Status
New
Expiration Date
2025-12-31
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Arnprior
Sub-Area
550 - Arnprior
Region
Renfrew
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
12
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
93.2
Lot Size Units
Feet
Lot Width
26.5
Parcel Number
573140418
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
John
Approx. Age
100+ Years
MLS® Number
X12438058
Listing Brokerage
RE/MAX AFFILIATES REALTY LTD.
Basement Area
Unfinished
Postal Code
K7S 1M2
Posession Details
To be arranged
Parking
Lane, Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$3,663.07
Tax Year
2025
Site Influences
Paved Yard
Exterior Features
Paved Yard
Interior Features
Separate Hydro Meter
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Window Unit(s)
Construction Materials
Brick, Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 17, PL 33, MCGONIGAL ST AS IN R418480; T/W R418480 ; TOWN OF ARNPRIOR - MCNAB
Security Features
Smoke Detector
Topography
Flat
Waterfront
No
Sewer
Sewer
