229 ELGIN STREET W

Arnprior, Ontario, K7S1P4, Canada

$649,900

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.

Last updated on : Wednesday 12th of February 2025 02:00:36 PM

ADDRESS

Street : 229 ELGIN STREET W

City : Arnprior

Province : Ontario

Country : Canada

Postal Code : K7S1P4

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PROPERTY SUMMARY

Property ID : X11950554

Building Type : Other

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 5

Parking : 8

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