Property Details
222 BELMONT AVENUE, Pembroke, Ontario, K8A2C5
$829,900 - For sale
Excellent investment opportunity with this well maintained, fully brick purpose-built 6-plex in the desirable east end of Pembroke. This solid asset features a desirable unit mix of two 1-bedroom units on the main level and four spacious 2-bedroom units across the second and third floors, appealing to a wide range of tenants. All units offer bright, functional layouts and have been updated with modernized bathrooms, helping to attract and retain quality occupants. Each unit is separately metered for hydro, minimizing operating expenses and simplifying management. The building also includes a convenient coin-operated laundry setup, adding an additional income stream, along with ample on-site parking and private indoor storage areas for tenants-features that continue to support strong rental demand. Major capital improvements have been addressed, including a torch-on roof completed in 2019, providing peace of mind for years to come. Situated in a prime east end location close to amenities, schools, and transit, this property consistently appeals to long-term renters. Offering a strong 6.9% cap rate, this is a turnkey, income-generating property ideal for both seasoned investors looking to expand their portfolio and those seeking a reliable entry into multi-residential investing. (id:2471)
Location DescriptionCross Streets: Belmont Ave & Pembroke St East. ** Directions: Take Pembroke St East onto Belmont Ave.
- Property Address:222 BELMONT AVENUE, Pembroke, Ontario, K8A2C5
- Property Type:Multi-family
- Community Name:530 - Pembroke
- Lot Size:90 x 125 FT
- Sewage Type:Sanitary sewer
- Water Type:Municipal water
- Driveway:No Garage
- Parking Space Total:12
- Structure Style:Other
- Bedrooms:8+2
- Bathrooms:6
- Floor Space:5000 - 100000 sqft
- Heating Type:Natural gas, Radiant heat
- Storeys:2.5
- Basement Type:None
- Foundation Type:Concrete
- Cooling Type:None
- Appliances Included:Water Heater, Dryer, Stove, Washer, Refrigerator
- Exterior Type:Brick
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- Map 222 BELMONT AVENUE, Pembroke, Ontario, K8A2C5
- Neighbourhood Information
222 BELMONT AVENUE, Pembroke, Ontario, K8A2C5
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