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    For Sale - 229 Elgin Street, Arnprior, Ontario

    Est payment $3,469/mo
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    Time on Jump  15 day

    AI Summary *

    • Legal 5-plex with solid rental income potential in downtown Arnprior.
    • Close to Main St shops, beach, park, and schools for tenant convenience.
    • Three 2-bedroom and two 1-bedroom units, all with separate hydro meters.
    • 8 designated parking spots available for residents and visitors.
    • Recent upgrades include roof and fire sprinkler system for safety and reliability.




    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. Everything is tenanted, all units are turn key. The building is well appointed on a 71' x 101' lot with 8 designated parking spots. Recent upgrades include roof, fire sprinkler system. Ideal property for a value-add investors 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. Goi $71,000.
    Listing IDX12561804
    Address229 Elgin Street
    CityArnprior, Ontario
    Price$699,900
    Bed / Bath8 / 5 Full
    Style2-Storey, Multiplex
    ConstructionBrick Veneer, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement Unfinished, OtherFoundation Block, Slab, Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Agency:  RIGHT AT HOME REALTY
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    229 Elgin Street
    Arnprior , Ontario
    8 5 $699,900
    Get more info