47 MADAWASKA STREET, Arnprior, Ontario

$599,900

6 Beds
3 Baths

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:56241)

Listing ID: X12143865
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bathroom	Second level	2.84 m x 2.31 m
Primary Bedroom	Second level	4.17 m x 3.3 m
Bedroom 2	Second level	3.42 m x 2.51 m
Bathroom	Second level	2.58 m x 3.02 m
Bedroom 2	Second level	3.54 m x 4.17 m
Bedroom 3	Second level	2.78 m x 3.18 m
Bedroom 4	Second level	3.67 m x 3.16 m
Kitchen	Main level	3.04 m x 6.15 m
Living room	Main level	3.41 m x 4.19 m
Living room	Main level	3.49 m x 4.15 m
Kitchen	Main level	4.27 m x 3.54 m
Living room	Main level	4.17 m x 4.13 m
Other	Main level	2.18 m x 1.71 m
Other	Main level	8.17 m x 3.95 m
Other	Main level	3.18 m x 2.56 m
Bathroom	Main level	0.89 m x 1.46 m

Details

Parking Spaces: 4
Transaction: For sale
Zoning Description: MU/C

Building

Appliances: Dryer, Stove, Washer, Refrigerator
BasementType: N/A (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 6
Exterior Finish: Brick, Vinyl siding
Fireplace Present: False
Foundation: Stone
Bathrooms (Half): 1
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 3000 - 3500 sqft
Stories Total: 2
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 75 ft
Size Irregular: 75 x 150 FT

Listing provided by PAUL RUSHFORTH REAL ESTATE INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 47 MADAWASKA STREET in Arnprior Ontario. It was last modified on May 13th, 2025. Contact us to schedule a viewing or to discover other Arnprior real estate for sale.

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