229 ELGIN STREET W, Arnprior, Ontario, CA

Address: 229 ELGIN STREET W, Arnprior, Ontario

8 Beds5 Baths0 sqftStatus: Buy
Price $649,900

Property Overview


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:51532)

 

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Property Summary
Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
550 - Arnprior
Land Size
70.8 x 101.2 FT
Building
Bedrooms
Above Grade
8
Bathrooms
Total
8
Interior Features
Basement Type
N/A (Unfinished)
Building Features
Foundation Type
Poured Concrete, Slab
Rental Equipment
Water Heater
Heating & Cooling
Heating Type
Forced air
Utilities
Utility Type
Electricity(Installed),Sewer(Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding, Brick
Parking
Total Parking Spaces
8
Land
Other Property Information
Zoning Description
Multiplex
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Your Home Finance Calculation

Property Price CA $649,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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