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$ 849,900
Est. payment /mo
New
4 ELGIN STREET W Arnprior, ON K7S1N3
4 Baths
3,334 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3334
Square Footage 3,334 sqft
Price per Sqft $254
Subdivision 550 - Arnprior
MLS® Listing ID X13449350
Property Description
RARE DOWNTOWN ARNPRIOR MIXED-USE INVESTMENT PROPERTY - FULLY LEASED. An exceptional opportunity to acquire a fully leased, income-producing mixed-use investment property in the heart of downtown Arnprior. Located at the highly visible corner of Elgin Street West and Daniel Street, this landmark commercial and residential building offers strong cash flow, diversified rental income, and long-term appreciation potential in one of Eastern Ontario's fastest-growing real estate markets. This prominent downtown investment property features approximately 1,997 sq/ft. of prime commercial retail space on the main floor, occupied by an established tenant. Positioned in a high-traffic location with excellent pedestrian exposure and vehicle visibility, the commercial component provides stable income and strong tenant appeal within Arnprior's thriving downtown business district. The upper level consists of a beautifully renovated 1,337 sq/ft. loft-style apartment, combining historic charm with modern amenities. This sought-after residential rental unit features exposed brick walls, large windows, abundant natural light, an open-concept layout, two spacious bedrooms plus a den or home office, in-suite laundry, and picturesque views of the Madawaska and Ottawa Rivers. With both tenants in place and paying their own utilities, the property benefits from reduced operating expenses, efficient management, and dependable monthly cash flow. Based on current income and operating costs, the building offers an estimated (cap rate) of approximately 6.0%, making it an attractive commercial real estate investment for investors seeking yield, stability, and long-term wealth creation.Opportunities to purchase a fully leased mixed-use building in downtown Arnprior are limited. This investment property combines a high-profile corner location, established tenancy, strong rental demand, renovated residential accommodations, and the enduring value of a historic downtown commercial building. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Baseboard heaters,
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Listed by ROYAL LEPAGE TEAM REALTY
NEARBY SCHOOLS & PROPERTIES
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