Property Details

164 CHRISTIE STREET, Pembroke, Ontario, K8A4R1

164 CHRISTIE STREET, Pembroke, Ontario, K8A4R1 (ID 1347121)
Representative
Hazel Ladouceur portrait
Hazel Ladouceur
Broker
RE/MAX Pembroke Realty Ltd., Brokerage - Petawawa
Cell: 613-639-7011
Tel: 613-687-2020

$1,800,000 - For sale

ID#:1347121

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:2471)

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Property Details
  • Property Address:164 CHRISTIE STREET, Pembroke, Ontario, K8A4R1
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:75 ft X 117 ft (Irregular Lot)
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Parking Space Total:7
Structure Details for 164 CHRISTIE STREET, Pembroke, Ontario, K8A4R1
  • Building Age:2019
  • Heating Type:Electric, Baseboard heaters
  • Storeys:3
Representative
Hazel Ladouceur portrait
Hazel Ladouceur
Broker
RE/MAX Pembroke Realty Ltd., Brokerage - Petawawa
Cell: 613-639-7011
Tel: 613-687-2020
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164 CHRISTIE STREET, Pembroke, Ontario, K8A4R1

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