Ottawa Realtor Michele Xu

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229 ELGIN STREET W

Arnprior, Ontario K7S1P4

$639,900 for sale

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MLS®:
1372629
Contract Days:
121
Community:
Arnprior
Ownership:
Freehold
Property Type:
Multiplex
Total Size:
70.8 ft X 101.2 ft
Built Date:
1930
Parking:
10
Bedrooms:
+
Bathrooms:
Interior Features
Construction Style:
Total Stories:
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Exterior Features
Built Date:
1930
Exterior Finish:
Brick, Siding
Foundation Type:
Utitilies
Heating Type:
Forced air
Heating Fuel:
Natural gas
Cooling Type:
Unknown
Utility Water:
Municipal water
Sewer:
Municipal sewage system
Total Fireplaces:
Type
Level
Size

Note

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 7.6% cap rate. (id:19004)

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