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. 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 $48,800, expenses of $8,912, and net operating income of $39,888 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, Inclusions are 4 fridges, 4 stoves, 3 air conditioning units, and washer/dryer. Showings require 24 hours notice. Please allow 28 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
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Arnprior
Sub-Area
550 - Arnprior
Region
Renfrew
Bathrooms
4
Lot Size Source
MPAC
Lot Depth
93.2
Lot Type
Building
Lot Size Units
Feet
Lot Width
26.5
Parcel Number
573140418
Total Building Area
2450
Occupant Type
Tenant
Cross Street
John / Hugh St N
Approx. Age
100+ Years
MLS® Number
X12438060
Listing Brokerage
RE/MAX AFFILIATES REALTY LTD.
Basement
Yes
Postal Code
K7S 1M2
Posession Details
Immediate / To be arranged
Parking Spaces
4
Tax Amount
$3,663.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Partial
UFFI
No
Garage Type
None
Tax Legal Description
PT LT 17, PL 33, MCGONIGAL ST AS IN R418480; T/W R418480 ; TOWN OF ARNPRIOR - MCNAB
Security Features
No
