ON > Arnprior > 550 - Arnprior
Arnprior, ON K7S1R8,47 MADAWASKA STREET
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Arnprior, ON K7S1R8,47 MADAWASKA STREET
Arnprior, ON K7S1R8,47 MADAWASKA STREET
Arnprior, ON K7S1R8,47 MADAWASKA STREET
Arnprior, ON K7S1R8,47 MADAWASKA STREET
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Andrew Carros

Andrew Carros

+1(604) 787-2882
$ 585,000
Est. payment /mo
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47 MADAWASKA STREET Arnprior, ON K7S1R8

6 Beds

3 Baths

3,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $195

Subdivision 550 - Arnprior

MLS® Listing ID X12283721

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

Others

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Listed by PAUL RUSHFORTH REAL ESTATE INC.
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Andrew Carros

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+1(604) 787-2882

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47 MADAWASKA STREET