29
See all 29 photos
$599,900
Est. payment /mo
6 Beds
3 Baths
3,000 SqFt
New
47 MADAWASKA STREET Arnprior, ON K7S1R8
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $199
Subdivision 550 - Arnprior
MLS® Listing ID X12143865
Bedrooms 6
Half Baths 1
Originating Board Ottawa Real Estate Board
Property Description
OPPORTUNITY KNOCKS. DOWNTOWN ARNPRIOR. MIXED USED MULTIPLEX with MU/C zoning in a superb high visibility location on Madawaska St, the location can not be beat for exposure, walkability and future land value. This GEM pulls POSITIVE CASH FLOW and an 8% CAP RATE. Consisting of 3 independent units. 1) BRAND NEW 4 BEDROOM RESIDENTIAL UNIT, completely rebuilt from studs in 2024 w/ fire code (Currently Vacant and Move in Ready) 2) STOREFRONT Commercial Unit (tenant in place). 3) Rear 2 bedroom + Den residential unit (tenant in place). EXCEPTIONAL VALUE. IDEAL FOR OWNER LIVE USE OR INVESTMENT OPPORTUNITY...Endless Opportunities!!. Each Residential unit has their own driveway/parking. High value upgrades in recent years: Metal Roof 2018, 2x Gas Furnace 2022. 2bed unit is monthly, rent is $1230/m + gas/hydro. Commercial Unit Rent is on lease to May 2029 (Buyer option to terminate) $1636/m + hydro. 4Bed is vacant, market rent ~2k+. Tenants pay utilities. (gas/hydro). Owner pays: Water/Taxes/Insurance. 3 separate hydro meters/panels, 2 gas meters. Both RES units are forced air natural gas, COM unit is electric baseboard. LOT SIZE OF 75 x150 allows for redevelopment in the future. See floor-plan attached for layout. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 2.84 m X 2.31 m Bathroom
Extra Room 2 Second level 4.17 m X 3.3 m Primary Bedroom
Extra Room 3 Second level 3.42 m X 2.51 m Bedroom 2
Extra Room 4 Second level 2.58 m X 3.02 m Bathroom
Extra Room 5 Second level 3.54 m X 4.17 m Bedroom 2
Extra Room 6 Second level 2.78 m X 3.18 m Bedroom 3
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by PAUL RUSHFORTH REAL ESTATE INC.