$1,199,000

For saleJust listed

201 Pembroke Street West, Pembroke - Retail for Sale

201 Pembroke Street West, Pembroke, Ontario, K8A5N1

4,500 ft²Listed 7 days ago

Overview

This retail property in Pembroke is for sale offering roughly 4,500 sq ft of space. It has been on the market 7 days, fresher than the Pembroke average of 122 days.

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Description

This fully renovated, mixed-use building offers a unique investment opportunity in the heart of Downtown Pembroke. With a prime location and exceptional upgrades, this property includes 1,600 sq ft of commercial space on the main level and four luxury residential apartments across two floors. The commercial space is currently vacant, giving you the flexibility to put your own business in there while benefiting from the income generated by the four residential units. The main level also includes a spacious, modern studio apartment with 12-foot ceilings, offering a comfortable living space with charm and character. The second level features three high-end, fully renovated residential units: one 1-bedroom apartment and two 2-bedroom apartments. Each unit showcases luxurious finishes, open-concept layouts, and in-unit laundry for added convenience and parking. The apartments are designed with modern fixtures and high-end materials, ensuring premium tenant appeal and long-term rental potential. There is also a full, dry basement for extra storage. With its mix of commercial and residential space, this property offers diverse income streams, a prime location, and significant potential for future appreciation. Whether you're looking to expand your portfolio or seeking a hands-off investment with reliable tenants, this is an opportunity not to be missed. 48 Hours Irrevocable on all written offers. (id:66096)

Property Details

MLS®: X14129780
Property Type: Retail
Zoning: C-3
Interior Size: 4,500 ft²
Frontage: 37 ft
Building Area: 4,500 ft²
Heating: Forced air, No heat, Natural gas
Cooling: None
Property Tax: $7,310/yr
Listed: 7 days ago

Features

Appliances: Washer, Dryer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Pembroke listings, avg age

122d

Price / ft²

$266

List price

$1.20M

Homes here sell close to asking price

Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This retail in Pembroke has been listed for 7 days, which is 115 days fresher than the city average of 122. Act while there is still low competition.

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Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES · Colin Allen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K8A)

This home lists at $1,199,000, about 16.0× the local median household income of $75,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 212% above the area median.

Median household income: $75,000
Population: 26,392
Median age: 45.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K8A)

$1,199,000· $266/ft²

For sale

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Financing

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