229 Elgin Street W
Arnprior, ON K7S 1P4
- 8Bedrooms
- 5Bathrooms
- 8Parking
- 3500–5000Sq Ft
- $3,327Tax
- 71×101 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 229 Elgin Street W, Arnprior
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About 229 Elgin Street W, Arnprior
Summarized Description
- Legal 5 plex with 5 income-generating units.
- Turnkey property, fully tenanted and ready for investors.
- Located in downtown Arnprior, near shops and parks.
- Recent upgrades include roof and fire sprinkler system.
- Opportunity to increase equity and cash flow.
- Units currently underperforming, potential for rent increase.
- 8 designated parking spots available for tenants.
Attention Investors! Legal 5 Plex in Arnprior with 5 Units of Income. Incredible location in Arnprior's downtown, A stone's throw away to Main ST shops and restaurants, Beach/Park, Hospital, Schools, Landmarks. This building consists of Three-2 bedroom units & Two 1-Bedroom units, each with its own hydro meter. Everything is tenanted, all units are turn key. The Building is well appointed on a 71' X 101' Lot with 8 designated parking spots. Recent upgrades include Roof, Fire Sprinkler System. Ideal property for a value-add investors this building has many underperforming units, some are 50% below market value. Big opportunity to increase equity and cashflow, currently at an 7.5% cap rate. GOI $71,000.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,327
- Land Transfer Tax Fee
- $10,473
Rental Items
- Rental Equipment
- 2 HWT
- Under Contract
- Hot Water Tank-Electric
- Basement Type
- Unfinished, Other
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick Veneer, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Block, Slab, Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 70.80 ft
- Lot Depth
- 101.20 ft
Inclusions
- Inclusions
- 5X Stove, 5X Fridge.
Exclusions
- Exclusions
- Camera System
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 8
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 8
- Washrooms
- 5
- Kitchens
- 5
Washrooms
- 3-piece
- Municipality
- Arnprior
- Neighbourhood
- Arnprior
- Main cross streets
- Elgin ST & McLachlin ST
- Directions
- 417 W, White Lake rd exit, right onto Daniel ST, Left onto Madawaska ST, Right onto Elgin ST
- MLS® number
- X12561804
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-01
- Listed on
- 2025-11-19
- Days on market
- 255 days
- Possession date
- 2025-12-19
- Possession type
- Immediate
- Co-op commission
- 2%
- Seller
- Listed by
- RIGHT AT HOME REALTY
Home Market Value
Current home valuation for 229 Elgin Street W, Arnprior, Arnprior, ON. Listed for $699,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 229 Elgin Street W, Arnprior
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $199,900 over $500K
$44,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,176 | $19,527 | $16,658 | $0 |
=Total mortgage | $680,582 | $649,437 | $611,573 | $559,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,323monthly | $3,171monthly | $2,986monthly | $2,734monthly |
Land Transfer Tax
$10,473
$10,473
Around this home
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