Ottawa Realtor Michele Xu

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229 ELGIN STREET W

Arnprior, Ontario K7S1P4

$649,900 for sale

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MLS®:
X11950554
Contract Days:
36
Community:
Ownership:
Property Type:
Multiplex Other
Total Size:
70.8 x 101.2 FT
Built Date:
Parking:
8
Bedrooms:
8+
Bathrooms:
5
Interior Features
Construction Style:
Total Stories:
2
Total Bedrooms:
8
Bedrooms Above Ground:
8
Bedrooms Below Ground:
Total Bathrooms:
5
Whole Bathrooms:
5
Half Bathrooms:
Basement Type:
N/A (Unfinished)
Basement Development:
Unfinished
Appliances:
Exterior Features
Built Date:
Exterior Finish:
Vinyl siding, Brick
Foundation Type:
Poured Concrete, Slab
Utitilies
Heating Type:
Forced air
Heating Fuel:
Natural gas
Cooling Type:
Utility Water:
Municipal water
Sewer:
Sanitary sewer
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, 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. (id:19004)

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