71 McGonigal ST W Active Save Request In-Person Tour Request Virtual Tour
Renfrew,ON K7S 1M2
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 550 - Arnprior
MLS Listing ID X12438058
Style 2-Storey
Annual Tax Amount $3,663
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Fantastic investment opportunity in downtown Arnprior! This updated and fully leased multiplex is perfect for owner-occupied use or as a strong addition to your rental portfolio. Walk to shopping, restaurants and retail, located on a quiet street, the property has been exceptionally maintained with long-term, adult tenants in a non-smoking building. The building has had zero rent arrears in the past 14 years, showcasing its stability and reliability. Financial highlights include annual rents of $48,780, expenses of $8,752, and a net operating income of $40,028, providing a healthy 5.8% cap rate. Tenants pay their own hydro with separately metered units, and the property also offers on-site laundry, four parking spaces, and a strong rental history. Inclusions are 4 fridges, 4 stoves, 3 air conditioning units, and washer/dryer. Showings require 24 hours notice. Please allow 24 hours irrevocable on all offers. Vendor may consider assisting with financing. Contact the listing agent for complete financial details. Kindly do not access the property without prior arrangements.
Location
Province ON
County Renfrew
Community 550 - Arnprior
Area Renfrew
Rooms
Bedrooms 4
Bathrooms 4.0
Family Room No
Kitchen 4
Interior
Cooling Window Unit(s)
Exterior
Exterior Feature Paved Yard
Parking Features Lane,Private
Pool None
Roof Type Asphalt Shingle
Building
Building Age 100+
Foundation Stone