1.613.401.4267 | ryanpattinson@royallepage.ca

116 PEMBROKE ST W.369000

Bedrooms: 8
Bathrooms: 5
Floors: 2
Year Built:
Lot Size: 66.08FT X 91.33FT

Home Information

Amazing investment opportunity. 5 residential apartments with 3 large commercial spaces. Residential includes three 1 bedroom units, one 3 bedrooms unit, and one 2 bedroom unit. All units have separate hydro meter and electric heat. Very low vacancies with the downtown location and blocks from the new Algonquin College campus. A rezoning was approved in 2015 to allow for 4 more residential unis. Application has since expired but opportunity is still there. Blueprints for the additional units on file. Commercial component includes 3 large commercial spaces with excellent presence/store front on a high traffic area. Pembroke downtown core is well know to have been revitalized with many new business choosing to open their doors downtown. City continues to support and promote business downtown. Present income: 5 residential rented grossing $44,464, 3 commercial vacant with potential rent approx. $2800/month. If fully leased could gross $78,000/annually. Clean environmental report on file!

Home Features

  • 5 Residential units fully leased
  • 3 vacant commercial units – amazing potential
  • Prime location in vibrant downtown setting
  • Opportunity for additional 4 residential units
  • Electric heat with separate hydro meters
  • $44,464 in gross residential rents
  • Property taxes $8530/year
  • Blocks to Algonquin College
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Ryan Pattinson - Pembroke Realtor - Petawawa Realtor

Ryan Pattinson – Pembroke Realtor – Petawawa Realtor