$470,000

For sale

283 & 285 William Street, Pembroke - Multi-family for Sale

283 & 285 William Street, Pembroke, Ontario, K8A1P2

7 beds3 baths2 parking2,750 ft²76 × 108 ft (8,208 sq ft) lot sizeListed 63 days ago

Overview

This multi-family property in Pembroke is for sale offering roughly 2,750 sq ft of space. It has been on the market 63 days, fresher than the Pembroke average of 123 days.

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Description

Welcome to 283 & 285 William Street, an opportunity to own a spacious side-by-side duplex in one of Pembroke's most desirable neighbourhoods. This charming 3-storey proud brick home offers over 2,500 sq. ft. of living space and endless possibilities for investors, multi-generational families, or buyers looking to offset their mortgage with rental income. Featuring two units with separate hydro & gas meters, this property offers 7 bedrooms, 2 kitchens, and flexible living arrangements to suit a variety of needs. The classic brick exterior, mature corner lot, and inviting deck add to the property's character and curb appeal. Both units will be vacant upon closing, giving buyers the opportunity to set their own rents, accommodate extended family, or occupy one unit while generating income from the other. Conveniently located close to schools, parks, shopping, restaurants, and all amenities, this centrally located duplex offers the perfect blend of character, flexibility, and future potential. Whether you're building your investment portfolio or searching for a home with built-in income potential, 283 & 285 William Street is an opportunity you won't want to miss. (id:66096)

Property Details

MLS®: X13738030
Property Type: Multi-family
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,750 ft²
Lot Size: 76 × 108 ft (8,208 sq ft)
Frontage: 76 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Property Tax: $5,309.22/yr
Listed: 63 days ago

Features

Foundation: Stone
Exterior: Brick
Lot Features: Sump Pump, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Pembroke listings, avg age

123d

Price / ft²

$171

List price

$470K

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 7-bed multi-family in Pembroke has been listed for 63 days, which is 60 days fresher than the city average of 123. Act while there is still low competition.

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Listed by EXIT OTTAWA VALLEY REALTY · Stephanie Johnstone

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K8A)

This home lists at $470,000, about 6.3× the local median household income of $75,000.

Carrying it typically needs a household income of about $91,807 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$470,000· $171/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,500

Min 5%50%

Mortgage payment$2,475/mo

↳ CMHC premium ($17,860 capitalized)

Property tax (est.)$442/mo

Total monthly$2,918

Cash Needed to Close

Down payment (5%)$23,500

Land transfer tax$5,875

Est. closing costs$3,910

Total cash needed$33,285

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