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526 Mackay St, Pembroke, ON

Name: 526 Mackay St, For Sale in Pembroke - eXp Realty
Brand: ROYAL LEPAGE EDMONDS & ASSOCIATES
SKU: X13801882
Price: 489900 CAD

House

For Sale

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535

MLS® X13801882

Property Details
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Description

Excellent investment opportunity in a convenient Pembroke location! This well-maintained triplex features three separate, self-contained units, each with its own hydro meter, electrical panel and hot water tank, providing investors with excellent utility separation and simplified expense management. The property generates approximately $60, 228 in annual rental income, with estimated annual expenses of only $18, 734.72, resulting in an impressive approximate net annual income of $41, 493.28. Additional income is generated through on-site laundry, coin operated. Tenants pay their own hydro, while the landlord is responsible for natural gas and common-area costs, helping to maintain a favourable operating expense structure. Current rents include $1, 837/month for the main floor 2-bedroom unit, $1, 600/month for the upper 2-bedroom unit, and $1, 532/month for the lower level 1-bedroom+den unit. The seller has completed numerous updates throughout the property, making this an attractive opportunity for investors seeking established rental income with strong cash-flow potential. Conveniently located close to schools, shopping, downtown amenities and Algonquin College's Pembroke Campus, this property offers a desirable location for tenants and solid fundamentals for an income-producing portfolio addition. Minimum 24-hour irrevocable on all offers. Minimum 48-hour notice required for all showings. (id:58753)Show Description

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $4,300

Days Active 1

MLS® Number X13801882

Central VacNo

FireplaceNo

GarageYes

BasementApartment in basement, N/A

DrivewayNo Garage

HeatForced air, Natural gas

A/CNone

Additional Information

Siding Brick, Stucco

Sewage System Other

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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Home Appraisal

This property is estimated to sell between: $489,000 and $525,000.

Similar properties in this area sold on average for: $512,733

Expected to sell in 32 days. Similar properties sold in 33 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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