47 MADAWASKA STREET, Arnprior, ON K7S1R8 – X12143865

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 599,900

Est. payment | -/mo

6 Beds

3 Baths

3,000 SqFt

Save

$ 599,900

Est. payment | -/mo

Save

6 Beds

3 Baths

3,000 SqFt

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

Source 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.

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

47 MADAWASKA STREET Arnprior, ON K7S1R8