164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
164 CHRISTIE STREET , Pembroke, Ontario K8A4R1
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For Sale

$1,800,000

164 CHRISTIE STREET , Pembroke, Ontario K8A4R1

Remarks

Constructed in 2020, this 6-unit building just two blocks from Algonquin College in downtown Pembroke features 6 three-bedroom suites, all with appliances (fridge/stove/dishwasher/stacked washer & dryer) and furniture package. Projected gross income from rental and parking for 2023 projected at $160,130/annum. Seller's expenses from 2022 as follows: advertising and promotion: $3,068; insurance: $7,478; management fees: $8,543; office: $27; professional fees: $3,283; property taxes: $10,869; grounds & maintenance & repairs: $9,843; utilities: $17,598. Total expenses in 2022 of $60,709. Assuming a 2% increase in operating expenses and projected income for 2023 of $160,130 yields a projected net of $98,207 with the projected cap rate asking at 5.5%. This is a newer, well-located asset in the City of Pembroke. 164 Christie Street is being sold together with 320 Lake Street. See MLS® #1347315. 320 Lake Street is a 16-unit building, a separate title. (id:27)

Property Summary

  • Neighbourhood: Algonquin College Pembroke
  • Lot Frontage: 75.0 Feet
  • Lot Depth: 117.0 Feet
  • Lot Size: 75 ft X 117 ft (Irregular Lot)
  • No. of Parking Spaces: 7
  • Built in: 2019
  • Zoning: R4-35

Property Features:

  • Ownership Type:
    Freehold
  • Property Type:
    Multi-family
  • Sewer:
    Municipal sewage system

Building Features:

  • Heating Fuel:
    Electric
  • Heating Type:
    Baseboard heaters
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Agent

Craig Edmonds

Sales Representative

Phone: 613-735-1062

Cell: 613-633-7653

Toll Free: 1-877-697-7653

Get More Info

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