Property Details

164 CHRISTIE Street, Pembroke, Ontario, K8A4R1

164 CHRISTIE Street, Pembroke, Ontario, K8A4R1 (ID 40437908)
Representative
Ted Lewis portrait
Ted Lewis
Sales Representative
Sutton Group - Masters Realty Inc. Brokerage
Cell: 613-449-4750
Tel: 613-384-5500

$1,800,000 - For sale

ID#:40437908

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 Details
  • 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
Structure Details for 164 CHRISTIE Street, Pembroke, Ontario, K8A4R1
  • 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 for 164 CHRISTIE Street, Pembroke, Ontario, K8A4R1 Conservation/green belt
  • Amenities Nearby:Marina, Ski area
Representative
Ted Lewis portrait
Ted Lewis
Sales Representative
Sutton Group - Masters Realty Inc. Brokerage
Cell: 613-449-4750
Tel: 613-384-5500
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164 CHRISTIE Street, Pembroke, Ontario, K8A4R1

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