8 Beds 5 Bath

229 Elgin Street, Arnprior, ON K7S 1P4

Arnprior K7S 1P4 Ontario

MLS: X11950554

$649,900

Added 83 days ago | For Sale

Listed by: RIGHT AT HOME REALTY

About 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. 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.

Features

  • House Style:Multiplex
  • Bathrooms:5
  • Land Size: 70.8 X 101.2
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Elgin & McLachlin
  • Basement:Unfinished,Half , Unfinished,Half
  • Possession Date:FLEX
  • Annual Property taxes: $3891
  • Bedrooms:8
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X11950554

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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