229 Elgin Street W, Arnprior, Ontario, K7S1P4

For sale

$639,900

$639,900

229 Elgin Street W, Arnprior, Ontario, K7S1P4

For sale

Overview

 

$639,900

Property Type:
Multi-family


Bedrooms


Bathrooms

1930
Year Built

Description of 229 Elgin Street W

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, Basement Spray Foam, Furnace and 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 a 7.6% cap rate. (id:57323)

Transportation Information

45.4373356
-76.3611005
229 Elgin Street W, Arnprior, Ontario, K7S1P4
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Google Maps

Property Address: 229 Elgin Street W, Arnprior, Ontario, K7S1P4

Community
Neighbourhood

Property SummaryLast Updated: 2024-04-03

Price
$639,900
Ownership Type
Freehold
Features
Community Features
Basement Type
Cooling Type
Unknown
Fixture
Flooring Type
Heating Fuel
Natural gas
Heating Type
Forced air
Price$639,900
Ownership TypeFreehold
Features
Community Features
Basement Type
Cooling TypeUnknown
Fixtures
Flooring Type
Heating FuelNatural gas
Heating TypeForced air

Additional Details

Ammenities
Land Amenities
Size Depth
101 ft ,2 in
Size Irregular
70.8 ft X 101.2 ft
Ammenities
Land Amenities
Size Depth101 ft ,2 in
Size Irregular70.8 ft X 101.2 ft

Features

Appliances
Fence Type
Appliances
Fence Type
Leo Trudel Real Estate Agent

Léo Trudel

Sales Representative
SUTTON GROUP - OTTAWA REALTY, BROKERAGE
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