4 ELGIN STREET W, Arnprior, ON K7S1N3
4 ELGIN STREET W, Arnprior, ON K7S1N3
4 ELGIN STREET W, Arnprior, ON K7S1N3
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Alina Corjan

Alina Corjan

+1(647) 834-5717
$849,900
Est. payment /mo
4 Baths
3,334 SqFt
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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

State 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

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Listed by ROYAL LEPAGE TEAM REALTY

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Alina Corjan

Alina Corjan

+1(647) 834-5717

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