29
47 MADAWASKA STREET
$585,000 Sale
Listed 36 days ago
· 6
· 2.5
· 4
· 3000 - 3500
Key Facts
Key facts for 47 MADAWASKA STREET
Property Type
Other, Other
Parking
Garage: No, 4 parking
MLS #
X12283721
Size
3000 - 3500 sqft
Basement
Unfinished, N/A (Unfinished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
OPPORTUNITY KNOCKS. DOWNTOWN ARNPRIOR. MIXED USED MULTIPLEX with MU/C zoning in a superb high visibility location on Madawaska St, the location can not be beat for exposure, walkability and future land value. This GEM pulls POSITIVE CASH FLOW and an 8% CAP RATE. Consisting of 3 independent units. 1)... BRAND NEW 4 BEDROOM RESIDENTIAL UNIT, completely rebuilt from studs in 2024 w/ fire code (Currently Vacant and Move in Ready) 2) STOREFRONT Commercial Unit (tenant in place). 3) Rear 2 bedroom + Den residential unit (tenant in place). EXCEPTIONAL VALUE. IDEAL FOR OWNER LIVE USE OR INVESTMENT OPPORTUNITY...Endless Opportunities!!. Each Residential unit has their own driveway/parking. High value upgrades in recent years: Metal Roof 2018, 2x Gas Furnace 2022. 2bed unit is monthly, rent is $1230/m + gas/hydro. Commercial Unit Rent is on lease to May 2029 (Buyer option to terminate) $1636/m + hydro. 4Bed is vacant, market rent ~2k+. Tenants pay utilities. (gas/hydro). Owner pays: Water/Taxes/Insurance. 3 separate hydro meters/panels, 2 gas meters. Both RES units are forced air natural gas, COM unit is electric baseboard. LOT SIZE OF 75 x150 allows for redevelopment in the future. See floor-plan attached for layout. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings. (id:10452)
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Room Types
Bathroom
-
Dimensions 2.58 m x 3.02 m
83.87 sqft
Bathroom
-
Dimensions 2.84 m x 2.31 m
70.62 sqft
Bedroom 2
-
Dimensions 3.42 m x 2.51 m
92.4 sqft
Listing courtesy of: PAUL RUSHFORTH REAL ESTATE INC.
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