For Sale
229 Elgin Street W
550 - Arnprior, Arnprior, ON
$699,900
8Bd
5Ba
4,250+sqft
8Parking
70.8 x 101.2 ftlot
$165/sqft
MultiplexMLS# X12561804Listed 2025-11-20166 DOM
Basement
Unfinished
On the market for 166 days — longer than average. The seller may be open to negotiation.
About this home
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.
Features
- Other
- Unfinished
- None
- 2-Storey
Financials
Annual Taxes
$3,327
Estimated Rental Income
Entire property$4,500 – $7,000/mo
Rental yield7.7% – 12.0%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Arnprior
Days on market166 days
Buyer's MarketSeller's Market
Based on active listings in Arnprior. Data updates daily.
Our estimate for this home
Estimated range
$1.80M – $2.10M
Mid-point $1.95M · ~$459/sqft
How this listing compares
$1.80MList · $700K$2.10M
High confidence·Based on 98 gta-wide comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
62
/ 100
Walk Score
Somewhat Walkable
39
/ 100
Transit Score
Some Transit
44
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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