$649,900
4.00 BTC
Photos
Map
229 Elgin Street, Arnprior
$649,900
PRICE
8
BEDROOMS
5
BATHROOMS
X11950554
MLSID

229 Elgin Street, Arnprior

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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Summary

Address
229 Elgin Street
MLSID
X11950554
Property Type
Multiplex
Property Category
Bedrooms
8
Bathrooms
5
Kitchens
5
Zoning
Multiplex
Taxes (Annual)
$3,891.00
Tax Year
2024
Published
February 1, 2025
Days on Market
195 Days
Possession Details
Flex
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Inclusions

Appliances

Exclusions

Tenant Belongings

Details

Parking Spaces
8
Parking Total
8
Roof
[]
Construction Materials
[]
Lot Width
71 Feet
Lot Depth
101 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Vaughan, ON L4H 0S2
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