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229 ELGIN STREET
Arnprior Ontario K7S1P4 Canada

$639,900

Active Listing ID 1372668
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Multi-family

$639,900

Active Listing ID 1372668
Save

229 ELGIN STREET 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick, Siding
  • Floor Covering: Tile, Laminate, Wall-to-wall carpet, Mixed Flooring
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 3/14/2024 2:30:05 PM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: BrendenScott, Salesperson, RIGHT AT HOME REALTY

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