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Tina Larsen

tina@larsenrealtyteam.com +1(416) 676-8598

$ 585,000

Est. payment -/mo

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Active

47 Madawaska ST Arnprior, ON K7S 1R8

6 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision 550 - Arnprior

MLS Listing ID X12283721

Style 2-Storey

Bedrooms 6

Building Age 100+

Annual Tax Amount $4,974

Tax Year 2025

Property Sub-Type Multiplex

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.

Location

Province ON

County Renfrew

Community 550 - Arnprior

Area Renfrew

Zoning MU/C

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features None

Cooling None

Inclusions Refrigerator, Stove, Washer, Dryer ( in 2bed unit)

Exterior

Parking Features Private Double, Private

Pool None

View Downtown

Roof Type Metal

Lot Frontage 75.0

Lot Depth 150.0

Total Parking Spaces 4

Building

Foundation Stone

Others

Senior Community No

Virtual Tour https://unbranded.youriguide.com/47_madawaska_blvd_arnprior_on/

Listed by PAUL RUSHFORTH REAL ESTATE INC.