$364,900
Pembroke
7 Isabella Street, Pembroke, Ontario, K8A5S4
This multi-family property in Pembroke is for sale offering roughly 1,750 sq ft of space. It has been on the market 26 days, fresher than the Pembroke average of 122 days.
A Must-See Investment Opportunity! Located in the heart of Pembroke, this well-maintained triplex offers an exceptional opportunity for both seasoned investors and first-time buyers looking to secure a property with solid rental income. With recent upgrades, including connecting to the municipal sewer system from septic, and fully rented with stable tenants, this property provides reliable cash flow in a centrally located area. The triplex is composed of one spacious 2-bedroom unit and two cozy 1-bedroom units. The property is fully rented, so start earning rental income from day one! Centrally located in Pembroke, the property is within walking distance of local shops, restaurants, schools, parks, and other amenities. Its ideal location provides easy access to everything the city has to offer and ensures ongoing demand as a rental property. The property is heated by two cost-effective forced air gas furnaces, and is equipped with central air conditioning to keep tenants comfortable year-round. Several upgrades have been completed, ensuring the property remains in excellent condition. With a strong history of consistent income, this triplex offers solid cash flow making it a reliable addition to any investor's portfolio. The units are well designed with spacious living areas and updated features. Ample parking for tenants, laundry facilities on-site, and separate hydro meters for each unit make this property a low-maintenance, cash flowing investment. The solid rental history ensures peace of mind for the new owner. Whether you're looking to expand your portfolio or to own a property with steady cash flow, this triplex is an investment gem and represents a fantastic opportunity. Don't miss out on this prime investment! Please allow 24 hours irrevocable on all offers. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 122 days across the listings currently for sale in this city
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.
This 4-bed multi-family in Pembroke has been listed for 26 days, which is 96 days fresher than the city average of 122. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $364,900, about 4.9× the local median household income of $75,000.
Carrying it typically needs a household income of about $71,278 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K8A)
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