$699,900

Arnprior ON, K7S 1P4

MLS® # X12561804

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Unfinished, Other, See Remarks
Basement Type: N/A, N/A
Exterior Finish: Vinyl siding
Floor Space: 3500 - 5000 sqft
Foundation Type: Block, Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 8
Bathrooms: 5
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 101.2 Feet
Lot Frontage: 70.8 Feet
Lot Size: 70.8 x 101.2 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: RIGHT AT HOME REALTY

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⚠ Potential Investment Performance

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Market Price Trends

Location of 229 ELGIN STREET W, Arnprior, Ontario, K7S 1P4

Lifestyle
Neighbourhood

Demographic Information of 229 ELGIN STREET W, Arnprior, Ontario, K7S 1P4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,218.51

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.32 %

High school certificate or equivalent

32.88 %

Apprenticeship trade certificate/diploma

5.22 %

College/non-university certificate

28.51 %

University certificate (below bachelor)

0.35 %

University Degree

13.72 %

Commuter

Travel To Work

By Car

89.07 %

By Public Transit

0.0 %

By Walking

7.24 %

By Bicycle

1.79 %

By Other Methods

1.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.79 %

Houses

65.21 %

Own Vs. Rent