$508,000
$539,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
47 Madawaska ST Arnprior, ON K7S 1R8
6 Beds
3 Baths
Key Details
Sold Price $508,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 550 - Arnprior
MLS Listing ID X12283721
Sold Date 11/21/25
Style 2-Storey
Bedrooms 6
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. 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.
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
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
Building Age 100+
Foundation Stone
Architectural Style 2-Storey
Others
Senior Community No
ParcelsYN No
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