Property Details
164 CHRISTIE Street, Pembroke, Ontario, K8A4R1
Sales Representative
Sutton Group - Masters Realty Inc. Brokerage*
Cell: 613-650-7783
Tel: 613-384-5500
$1,800,000 - For sale
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 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®#: 40437934. 320 Lake Street is a 16-unit building, a separate title. (id:2471)
Location DescriptionPembroke Street West south on Christie Street
- Property Address:164 CHRISTIE Street, Pembroke, Ontario, K8A4R1
- Property Type:Multi-family
- Title:Freehold
- Lot Size:0.2 ac|under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access
- Building Age:2020
- Bedrooms:18
- Floor Space:7500
- Heating Type:Electric, Baseboard heaters
- Style:Detached
- Storeys:3
- Basement Type:None
- Cooling Type:Ductless
- Exterior Type:Brick Veneer, Wood
- Amenities Nearby:Marina, Ski area
Sales Representative
Sutton Group - Masters Realty Inc. Brokerage*
Cell: 613-650-7783
Tel: 613-384-5500
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- Map 164 CHRISTIE Street, Pembroke, Ontario, K8A4R1
- Neighbourhood Information
164 CHRISTIE Street, Pembroke, Ontario, K8A4R1
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