$325,000

For sale

403 Mackay Street, Pembroke - Multi-family for Sale

403 Mackay Street, Pembroke, Ontario, K8A1E3

4 beds2 baths5 parking2,250 ft²87 × 63 ft (5,455 sq ft) lot sizeListed 78 days ago

Overview

This multi-family property in Pembroke is for sale offering roughly 2,250 sq ft of space. It has been on the market 78 days, fresher than the Pembroke average of 124 days.

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Description

Prime Pembroke Duplex - $2,065/Mo Gross Income - Fully occupied with reliable tenants. This two-storey property in a sought-after neighborhood features two self-contained 2-bedroom units (Upper unit rents for: $1,055 | Main unit rents for: $1,010). Tenants pay natural gas and hydro; separate meters for each unit. Some recent updates include two gas furnaces, newer deck/stairs (2023) from the upper unit to the ground, and main-floor A/C. Dual entrances, two driveways, and detached garage enhance tenant privacy and appeal. Stable, reliable occupancy. Ideal for investors seeking immediate cash flow or an affordable option for those looking to live in one unit while renting the other. Book your showing today! (id:66096)

Property Details

MLS®: X13691294
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 2,250 ft²
Lot Size: 87 × 63 ft (5,455 sq ft)
Frontage: 87 ft
Storeys: 2
Basement: Unfinished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $3,957.66/yr
Listed: 78 days ago

Rooms

Main level

Living room: 5.16 x 4.5 meters
Kitchen: 3.3 x 2.8 meters
Primary Bedroom: 2.87 x 3.4 meters
Bedroom 2: 3.45 x 3.99 meters

Second level

Living room: 4.67 x 5.18 meters
Dining room: 4.09 x 5.66 meters
Primary Bedroom: 3.2 x 3.53 meters
Bedroom 2: 2.24 x 3.63 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer, Two stoves, Water Heater, Two Refrigerators
Flooring: Hardwood, Laminate
Foundation: Unknown
Exterior: Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

78d

Pembroke listings, avg age

124d

Price / ft²

$144

List price

$325K

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 4-bed multi-family in Pembroke has been listed for 78 days, which is 46 days fresher than the city average of 124. Act while there is still low competition.

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Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES · Ryan Pattinson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K8A)

This home lists at $325,000, about 4.3× the local median household income of $75,000.

Carrying it typically needs a household income of about $63,484 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$325,000· $144/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,250

Min 5%50%

Mortgage payment$1,712/mo

↳ CMHC premium ($12,350 capitalized)

Property tax (est.)$330/mo

Total monthly$2,042

Cash Needed to Close

Down payment (5%)$16,250

Land transfer tax$3,350

Est. closing costs$3,475

Total cash needed$23,075

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