Retail

205 Pembroke Street W

Pembroke, Ontario K8A5N1

$1,399,000

MLS® X14168038

  • 11Bathrooms
  • 10,000 sq ftInterior
  • 106 x 111 FTLot size
  • 10Parking

Overview

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. (id:57793)

Property details

MLS® number
X14168038
Price
$1,399,000
Listing
For sale
Property type
Retail
Bathrooms
11
Interior size
10,000 sq ft
Lot size
106 x 111 FT
Parking spaces
10
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Fully air conditioned
Water
Municipal water
Zoning
C3 Commercial
Annual taxes
$18,922

Location

Address
205 Pembroke Street W
City
Pembroke
Area
530 - Pembroke
Province
Ontario
Postal code
K8A5N1
Country
Canada

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