Ottawa Realtor Michele Xu

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47 MADAWASKA STREET

Arnprior, Ontario K7S1R8

$599,900 for sale

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MLS®:
X12143865
Contract Days:
2
Community:
Ownership:
Property Type:
MU/C Other
Total Size:
75 x 150 FT
Built Date:
Parking:
4
Bedrooms:
6+
Bathrooms:
3
Interior Features
Construction Style:
Total Stories:
2
Total Bedrooms:
6
Bedrooms Above Ground:
6
Bedrooms Below Ground:
Total Bathrooms:
3
Whole Bathrooms:
2
Half Bathrooms:
1
Basement Type:
N/A (Unfinished)
Basement Development:
Unfinished
Appliances:
Dryer, Stove, Washer, Refrigerator
Exterior Features
Built Date:
Exterior Finish:
Brick, Vinyl siding
Foundation Type:
Stone
Utitilies
Heating Type:
Forced air
Heating Fuel:
Natural gas
Cooling Type:
Utility Water:
Municipal water
Sewer:
Sanitary sewer
Total Fireplaces:
Type
Level
Size
Bathroom
Main level
0.89 m x 1.46 m
Other
Main level
3.18 m x 2.56 m
Other
Main level
8.17 m x 3.95 m
Other
Main level
2.18 m x 1.71 m
Living room
Main level
4.17 m x 4.13 m
Kitchen
Main level
4.27 m x 3.54 m
Living room
Main level
3.49 m x 4.15 m
Living room
Main level
3.41 m x 4.19 m
Kitchen
Main level
3.04 m x 6.15 m
Bathroom
Second level
2.58 m x 3.02 m
Bedroom 2
Second level
3.54 m x 4.17 m
Bedroom 3
Second level
2.78 m x 3.18 m
Bedroom 4
Second level
3.67 m x 3.16 m
Primary Bedroom
Second level
4.17 m x 3.3 m
Bedroom 2
Second level
3.42 m x 2.51 m
Bathroom
Second level
2.84 m x 2.31 m

Note

OPPORTUNITY KNOCKS. DOWNTOWN ARNPRIOR. MIXED USED MULTIPLEX with MU/C zoning in a superb high visibility location on Madawaska St, the location can not be beat for exposure, walkability and future land value. This GEM pulls POSITIVE CASH FLOW and an 8% CAP RATE. Consisting of 3 independent units. 1) BRAND NEW 4 BEDROOM RESIDENTIAL UNIT, completely rebuilt from studs in 2024 w/ fire code (Currently Vacant and Move in Ready) 2) STOREFRONT Commercial Unit (tenant in place). 3) Rear 2 bedroom + Den residential unit (tenant in place). EXCEPTIONAL VALUE. IDEAL FOR OWNER LIVE USE OR INVESTMENT OPPORTUNITY...Endless Opportunities!!. Each Residential unit has their own driveway/parking. High value upgrades in recent years: Metal Roof 2018, 2x Gas Furnace 2022. 2bed unit is monthly, rent is $1230/m + gas/hydro. Commercial Unit Rent is on lease to May 2029 (Buyer option to terminate) $1636/m + hydro. 4Bed is vacant, market rent ~2k+. Tenants pay utilities. (gas/hydro). Owner pays: Water/Taxes/Insurance. 3 separate hydro meters/panels, 2 gas meters. Both RES units are forced air natural gas, COM unit is electric baseboard. LOT SIZE OF 75 x150 allows for redevelopment in the future. See floor-plan attached for layout. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings. (id:19004)

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