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$ 699,900
Est. payment /mo
New
229 Elgin ST W Arnprior, ON K7S 1P4
8 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 550 - Arnprior
MLS Listing ID X12561804
Style 2-Storey
Bedrooms 8
Annual Tax Amount $3,327
Tax Year 2025
Property Sub-Type Multiplex
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. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors 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. GOI $71,000.
Location
Province ON
County Renfrew
Community 550 - Arnprior
Area Renfrew
Rooms
Family Room No
Basement Unfinished, Other
Kitchen 5
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 70.8
Lot Depth 101.2
Total Parking Spaces 8
Building
Foundation Block, Slab, Poured Concrete
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY