229 Elgin Street West, Arnprior | Image 1

229 Elgin Street West

Arnprior, 550 - Arnprior

  • 8 bed 5 bath
$649,900 est.*: $2,202/mo
For Sale

Added 16 hours ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 70.8 x 101.2 Feet

  • Age: No Data

  • Taxes: $3,891 per year

  • Added: Feb 01, 2025 (16 hours ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X11950554

  • Listed By: Right at home realty

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.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Area: Arnprior

  • Community: 550 - Arnprior

  • Availability Date: FLEX

Inside

  • Bedrooms: 8

  • Bathrooms: 5

  • Kitchens: 5

  • Rooms: 33

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 5

Utilities

  • Electricity: Yes

  • Gas: Yes

Building

  • Basement: Half

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 8

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 3, BLK E, ELGIN ST, PL 49, PT 1, 49R17481 TOWN OF ARNPRIOR

  • Taxes: $3,891

Land

  • Cross Street: Elgin & McLachlin

  • Municipality District: Arnprior

  • Fronting On: North

  • Parcel Number: 573060232

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 101.2 Feet

  • Lot Frontage: 70.8 Feet

  • Zoning: Multiplex

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Very Walkable

  • Most errands can be accomplished on foot.
73 /100

Bikeable

  • Some errands can be accomplished on bike.
54 /100
Map of 229 Elgin Street West, Arnprior
JK-8

École élémentaire catholique École élémentaire catholique Arnprior

Elementary: Catholic
1.32 km
JK-6

Pakenham Public School

Elementary: Public
13.11 km
JK-6

St. John XXIII Separate School

Elementary: Catholic
0.88 km
JK-8

A J Charbonneau Elementary Public School

Elementary: Public
1.33 km
JK-8

Walter Zadow Public School

Elementary: Public
0.50 km
JK-8

St Joseph's Separate School

Elementary: Catholic
0.69 km
9-12

Almonte District High School

Secondary: Public
26.26 km
9-12

Renfrew Collegiate Institute

Secondary: Public
25.65 km
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St Joseph's High School

Secondary: Catholic
24.37 km
9-12

Notre Dame Catholic High School

Secondary: Catholic
36.37 km
9-12

Arnprior District High School

Secondary: Public
0.59 km
9-12

West Carleton Secondary School

Secondary: Public
25.44 km

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