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Home ON Arnprior
229 ELGIN STREET W
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229 ELGIN STREET W $649,900
$649,900
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229 ELGIN STREET W
Arnprior, Ontario K7S1P4

MLS® Number: X11950554
8
Bedrooms
5
Bathrooms
-
Square Feet

Listing 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. 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, 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 an 7.5% cap rate. (39816512)

Location Description

Elgin & McLachlin

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
550 - Arnprior
Land Size
70.8 x 101.2 FT
Annual Property Taxes
$3,891
Total Parking Spaces
8
Time on REALTOR.ca
70 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
5
Interior Features
Basement Type
N/A (Unfinished)
Building Features
Foundation Type
Poured Concrete, Slab
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding, Brick
Parking
Total Parking Spaces
8

Land

Lot Features
Frontage
70 ft ,9 in
Land Depth
101 ft ,2 in
Other Property Information
Zoning Description
Multiplex
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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