About 47 Madawaska Street
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. Insurance $3,288 Water $125/m ytd for 2025, Property Taxes $4,975. Flexible closing date possible. Please do not visit the property without a booked showing appointment. Min 24hours notice for showings.
Features of 47 Madawaska Street
| MLS® # | X12283721 |
|---|---|
| Price | $539,900 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 3,000 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 47 Madawaska Street |
|---|---|
| Area | Renfrew |
| Subdivision | 550 - Arnprior |
| City | Arnprior |
| Province | ON |
| Postal Code | K7S 1R8 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Waterfront | None |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Unfinished |
Exterior
| Exterior | Brick, Vinyl Siding |
|---|
Listing Details
| Office | PAUL RUSHFORTH REAL ESTATE INC. |
|---|