For sale
Other

47 Madawaska Street

$599,900
Arnprior, Ontario, K7S 1R8

Overview

  • Updated On:
  • May 13 2025
  • MLS® Number
  • X12143865
  • 6 Bedrooms
  • 3 Bathrooms

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:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Other
Storeys: 2
Neighbourhood: Chats Haven
Appliances
Dryer
Stove
Washer
Refrigerator
Cooling & Heating
Natural gas
Forced air
ExteriorFinish
Brick
Vinyl siding
$ 3,075.81
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,325.93
Bedroom
BedroomsAboveGround: 6
BedroomsTotal: 6
Bathroom
BathroomTotal: 3
HalfBathTotal: 1
Basement
BasementDevelopment: Unfinished
BasementType: N/A (Unfinished)
Size
SizeInterior: 3000 - 3500 sqft
Construction
Age: 100+ years
FoundationType: Stone
Utility
UtilityWater: Municipal water
Acreage: No
Sewer: Sanitary Sewer
SizeDepth: 150 Ft
SizeFrontage: 75 Ft
SizeIrregular: 75 X 150 Ft
SizeTotalText: 75 X 150 Ft
ZoningDescription: Mu/c
Second level
Type Dimensions
Bathroom 2.84 m x 2.31 m
Primary Bedroom 4.17 m x 3.3 m
Bedroom 2 3.42 m x 2.51 m
Bathroom 2.58 m x 3.02 m
Bedroom 2 3.54 m x 4.17 m
Bedroom 3 2.78 m x 3.18 m
Bedroom 4 3.67 m x 3.16 m
Main level
Type Dimensions
Kitchen 3.04 m x 6.15 m
Living Room 3.41 m x 4.19 m
Living Room 3.49 m x 4.15 m
Kitchen 4.27 m x 3.54 m
Living Room 4.17 m x 4.13 m
Other 2.18 m x 1.71 m
Other 8.17 m x 3.95 m
Other 3.18 m x 2.56 m
Bathroom 0.89 m x 1.46 m
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