For Sale

$1,075,000

672-680 MACKAY STREET , Pembroke, Ontario K8A1G5

Remarks

Calling all Investors! Well kept investment property across the road from the Pembroke General Hospital, in the sought after east end Pembroke. Fully occupied and generating great income. These well maintained buildings, both have had substantial upgrades and improvements including new roofs, new furnaces, new coin operated laundry machines, and all apartments have had major renovations in the past several years including new flooring, new kitchens, new bathrooms, new plumbing and more. The property has an impressive 6.3 percent cap rate in an already competitive market with additional room to grow upon tenant turnover and improved rental income. The unit mix includes (1 x 3 Bed Apartment, 3 x 1 Bed Apartments and 2 x 2 Bed Apartments) giving landlords an opportunity to serve the needs of several different tenant profiles including those that need accessibility. Vacancies are a rarity in this market and units are in high demand. In depth investment analysis available upon request. (id:27)

Property Summary

  • Neighbourhood: Hospital / East End
  • Lot Frontage: 152.0 Feet
  • Lot Depth: 78.0 Feet
  • Lot Size: 152 ft X 78 ft
  • No. of Parking Spaces: 6
  • Zoning: Commercial Apartment

Property Features:

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

Building Features:

  • Exterior Finish:
    Brick , Siding
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air , Radiant heat
Lifestyle
Neighbourhood Info
Agent

Evan Davies

Sales Representative

Phone: 613.735.1062

Agent

Tony Davies

Sales Representative

Phone: 613.735.1062

Agent

Taylor Souliere

Real Estate Agent

Phone: 613.735.1062

Cell: 613.602.1100

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