56 Madawaska Street

If you're on the lookout for a brilliant investment opportunity, then look no further than this Multi-Family Home for sale in Arnprior ! Nestled at 56 Madawaska Street, Arnprior, this charming multiplex is situated in the heart of the rapidly growing town of Arnprior, making it a prime spot for savvy investors. With a building style that spans two storeys, this property boasts a total of 11 rooms, including four kitchens, which is quite the rarity.

The layout consists of two one-bedroom units—one of which is currently vacant, presenting a fantastic chance for you to increase your rental income. The other one-bedroom unit is already tenanted, bringing in a steady £600 monthly. Additionally, there are two bachelor apartments, one renting for £515 and the other for £533 per month. All tenants are responsible for their own utilities, which is a significant plus for any landlord. This setup not only ensures a steady cash flow but also gives you the potential for a remarkable 9% cap rate!

At 56 Madawaska Street, Arnprior, the property features a robust vinyl siding and wood exterior, giving it a classic yet modern appeal. While it doesn’t have a garage or driveway, there’s ample parking space for two vehicles, which is quite handy. The lot measures a comfortable 30 by 87 feet, providing enough space without the hassle of maintaining extensive grounds—there are no common areas or grass cutting to worry about!

When it comes to heating, this Multi-Family Home for sale in Arnprior is equipped with a heat pump, ensuring that the property stays warm during those chilly winter months. Although there is no central vacuum system, and the home is unfurnished, it allows new owners to put their own stamp on the property. Plus, with municipal water and sewer services, you can rest easy knowing that essential amenities are well taken care of.

One of the standout features of this property is the brand new metal roof and the mini-split air conditioning system, which is a fantastic addition for those hot summer days. While there’s no pool or fireplace, the property is designed to be low maintenance, allowing you to focus on maximising your investment rather than worrying about upkeep.

As an estate sale, this Multi-Family Home for sale in Arnprior is being sold as is, where is. It’s important to note that there will be no conveyance of offers unless they contain a minimum of 72 hours. This stipulation adds a layer of seriousness to the sale, ensuring that potential buyers are committed to the process.

In summary, 56 Madawaska Street, Arnprior, offers a unique opportunity for those looking to invest in a well-located property with multiple income streams. With its four kitchens, four bathrooms, and a variety of rental options, this Multi-Family Home for sale in Arnprior is not just a house; it’s a gateway to a profitable future. Don’t miss out on this incredible chance to own a piece of Arnprior’s burgeoning real estate market. Whether you're a seasoned investor or just starting out, this property has the potential to be a fantastic addition to your portfolio.

Community 550 in Arnprior is a charming and picturesque area that offers a delightful blend of natural beauty and small-town charm. Nestled along the banks of the Ottawa River, this community boasts stunning views and a wealth of outdoor recreational opportunities, including walking trails, parks, and water activities. The historic downtown area is filled with quaint shops, local eateries, and a welcoming atmosphere that fosters a sense of belonging. With its friendly residents and a strong sense of community spirit, Community 550 provides a peaceful yet vibrant environment, making it an ideal place for those seeking a serene lifestyle while still being close to urban amenities.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.5 km, you will find Walter Zadow Public School, which offers both English and French language instruction for grades JK to 8, boasting a school rating of 6.1. Additionally, Arnprior District High School is situated only 0.6 km away, providing secondary education for grades 9 to 12 with a slightly higher school rating of 7. Both schools are part of the Renfrew County District School Board and are categorized as public institutions, ensuring access to quality education in the community. The close proximity to these schools not only enhances the appeal of the property for families with children but also contributes to a vibrant neighborhood atmosphere. Overall, the availability of reputable educational options nearby underscores the property’s value and suitability for potential buyers looking for a family-friendly environment.