205 PEMBROKE STREET W
Pembroke, Ontario
MLS® X14168038
$1,399,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14168038
- Bedrooms
- —
- Bathrooms
- 11
- Year built
- —
1 / 8Listing description
Exceptional investment opportunity. The property features a diversified income stream consisting of multiple commercial units and residential apartments. Significant capital improvements have been completed throughout, including new roofs, furnaces and air conditioning systems, updated electrical, new windows and doors, and extensive interior and exterior painting.
The commercial spaces have also been recently updated with new flooring and modernized restrooms, while several residential units have benefited from renovations and improvements. The commercial tenants are predominantly secured by longer-term leases, providing stability and predictability. With substantial capital improvements already completed, full occupancy and immediate income, this is an excellent opportunity for investors seeking a well-maintained mixed-use property with attractive returns and additional value-add potential.
This fully occupied mixed-use investment offers an attractive 9% cap rate.
Property summary
- MLS® number
- X14168038
- Property type
- Retail
- Size
- 10,000 sq ft
- Land size
- 106 x 111 FT
- Annual property taxes
- $18,922.00
- Parking
- 10 spaces
- Days on market
- 1 day
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,399,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of VALLEY PROPERTY SHOP LIMITED, PEMBROKE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.