ON > Arnprior > 550 - Arnprior
Arnprior, ON K7S 1R8,47 Madawaska ST
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Arnprior, ON K7S 1R8,47 Madawaska ST
Arnprior, ON K7S 1R8,47 Madawaska ST
Arnprior, ON K7S 1R8,47 Madawaska ST
Arnprior, ON K7S 1R8,47 Madawaska ST
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Giancarlo Morales

Giancarlo Morales

+1(416) 882-8048
$ 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

Lot Depth 150.0

Lot Front 75.0

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

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double, Private

Pool None

Waterfront Description None

View Downtown

Roof Type Metal

Lot Frontage 75.0

Lot Depth 150.0

Total Parking Spaces 4

Building

Foundation Stone

Others

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Listed by PAUL RUSHFORTH REAL ESTATE INC.
agent

Giancarlo Morales

Sales Representative | License ID: 9560751

+1(416) 882-8048

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