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229 Elgin Street W Arnprior, Ontario K7S 1P4

Unknown Forced Air

$639,900

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, Basement Spray Foam, Furnace and 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 a 6.2% cap rate. (id:6673)

Property Details

MLS® Number 1345184
Property Type Multi-family
Neigbourhood Arnprior
Parking Space Total 10

Building

Constructed Date 1930
Cooling Type Unknown
Exterior Finish Brick, Siding
Heating Fuel Natural Gas
Heating Type Forced Air
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 101 Ft ,2 In
Size Frontage 70 Ft ,10 In
Size Irregular 70.8 Ft X 101.2 Ft
Size Total Text 70.8 Ft X 101.2 Ft
Zoning Description Multiplex

https://www.realtor.ca/real-estate/25668013/229-elgin-street-w-arnprior-arnprior

Interested?

Contact us for more information


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Brenden Scott
Broker

(613) 818-9509

Right At Home Realty
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9

(613) 369-5199
(416) 391-0013
www.rightathomerealty.com