ON
Arnprior
K7S1R8
47 Madawaska Street
47 Madawaska Street, Arnprior, ON K7S1R8
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Listing Type
Multi Family
Listing Status
active
29
$585,000

Home Details for 47 Madawaska Street

Price
$585,000
Type
Residential Income
Bedrooms
6
Bathrooms
3.0
Square feet
NaN
Parking
Days on site
72
Listing #
X12283721
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. Insurance $3,288 Water $125/m ytd for 2025, Property Taxes $4,975. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
Listing Courtesy: PAUL RUSHFORTH REAL ESTATE INC.
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Office
613 822 8999
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