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    For Sale - 229 Elgin Street, Arnprior, Ontario

    Est payment $3,361/mo
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    Views   1
    Time on Jump  131 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

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    229 Elgin Street
    Arnprior , Ontario
    8 5 $699,900
    Get more info