229 ELGIN STREET W
550 - Arnprior, Arnprior, Ontario
- 8 beds
- 5 baths
About this property
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. (id:66327)
Property details
Interior
- Bedrooms
- 8
- Bedrooms above grade
- 8
- Bathrooms
- 5
- Storeys
- 2
- Basement
- Unfinished, Other, See Remarks, N/A, N/A
- Appliances
- Refrigerator, Stove
Exterior & parking
- Structure type
- Other
- Architectural style
- []
- Lot size
- 70.8 x 101.2 FT
- Parking spaces
- 8
- Parking features
- No Garage
- Exterior features
- Vinyl siding, Brick Veneer
Building & HOA
- Heating
- Forced air, Natural gas
- Cooling
- None
Financial & legal
- List price
- $699,900
- Annual taxes
- $3,327 (2025)
- Status
- Active
- MLS® number
- X12561804
Location
- City
- Arnprior
- Neighbourhood
- 550 - Arnprior
- Province
- Ontario
- Postal code
- K7S1P4
- Directions
- Cross Streets: Elgin ST & McLachlin ST. ** Directions: 417 W, White Lake rd exit, right onto Daniel ST, Left onto Madawaska ST, Right onto Elgin ST.
Mortgage calculator
Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.
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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).