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672-680 Mackay Street

Mackay StPembrokeON, K8A 1G4

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Beds
-
Baths
$1,095,000
List Price
672-680 Mackay Street, Pembroke, ON - 1 of 3
672-680 Mackay Street, Pembroke, ON - 2 of 3
672-680 Mackay Street, Pembroke, ON - 3 of 3
New
18 days on market

Quick Summary

  • Desirable investment property near Pembroke Regional Hospital
  • Well-maintained buildings with substantial recent upgrades
  • Impressive 6.2% cap rate with room for rental growth
  • Diverse unit mix serving different tenant profiles
  • Low vacancy rates in competitive rental market

Calling all Investors! This well to do investment property is only footsteps from the Pembroke Regional Hospital and sought after East End Pembroke offering tenants a comfortable place to call home! Well maintained buildings, both have had substantial upgrades and improvements including new roofs, new furnaces, new coin operated laundry... Show More

Calling all Investors! This well to do investment property is only footsteps from the Pembroke Regional Hospital and sought after East End Pembroke offering tenants a comfortable place to call home! Well maintained buildings, both have had substantial upgrades and improvements including new roofs, new furnaces, new coin operated laundry machines, and all apartments have had major renovations in the past several years including new flooring, new kitchens, new bathrooms, new plumbing and more. The property has an impressive 6.2 percent cap rate in an already competitive market with additional room to grow upon tenant turnover and improved rental income. The unit mix includes (1 x 3 Bed Apartment, 3 x 1 Bed Apartments and 2 x 2 Bed Apartments) giving landlords an opportunity to serve the needs of several different tenant profiles including those that need accessibility. Vacancies are a rarity in this rental market and units are always in high demand. Call to book a private viewing today! (id:54626)

Property Details

Parking

6 Parking Spaces
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Lot

Size
1823′11″ * 936′
Acres
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Build

Year Built
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Model Name
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Basement
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Exterior
Brick, Siding
Foundation
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Builder Name
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Stories
2
Flooring
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Roof
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Heating & Cooling

Heating
Forced air, Radiant heat
Cooling
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
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Source

Listing Brokerage

MLS® Listing
1389137
Last Updated
May 3, 2024
Brokerage
ROYAL LEPAGE EDMONDS & ASSOCIATES
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