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.
Address
229 Elgin Street W
List Price
$699,900
MLS® Status
New
Expiration Date
2026-05-01
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Arnprior
Sub-Area
550 - Arnprior
Region
Renfrew
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
20
Bathrooms
5
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
101.2
Lot Size Units
Feet
Lot Width
70.8
Parcel Number
573060232
Occupant Type
Tenant
Cross Street
Elgin ST & McLachlin ST
MLS® Number
X12561804
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Unfinished, Other
Postal Code
K7S 1P4
Posession Details
FLEX
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$3,327.00
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick Veneer, Vinyl Siding
Direction Faces
North
Fireplace
No
Foundation Details
Block, Slab, Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 3, BLK E, ELGIN ST, PL 49, PT 1, 49R17481 TOWN OF ARNPRIOR
Waterfront
No
Sewer
Sewer