229 Elgin Street Arnprior, Ontario K7S 1P4
$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:49712)
Property Details
| MLS® Number | 1345206 |
| Property Type | Multi-family |
| Neigbourhood | Downtown |
| Amenities Near By | Recreation Nearby, Shopping |
| Communication Type | Internet Access |
| Features | Corner Site, Flat Site |
| Parking Space Total | 10 |
| Road Type | Paved Road |
Building
| Basement Development | Unfinished |
| Basement Type | Cellar (unfinished) |
| Constructed Date | 1930 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick, Siding |
| Flooring Type | Wall-to-wall Carpet, Mixed Flooring, Laminate, Tile |
| Foundation Type | Poured Concrete, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Recreation Nearby, Shopping |
| 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 | 5 Plex |
Utilities
| Fully serviced | Available |
https://www.realtor.ca/real-estate/25668012/229-elgin-street-arnprior-downtown
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9
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September 19 2023 10:12:23
Ottawa Real Estate Board
Right At Home Realty
