100 Maple Avenue Pembroke, Ontario K8A 1K9

$6,800,000

Exceptional multi-family investment opportunity; suites with waiting list, catering to mostly senior tenants and featuring two buildings with 24 spacious suites (12 units per building) constructed 2018/19 with elevator service to each unit and adjacent Ottawa River downtown Pembroke. Each unit has 5 appliances, separate electrical with ductless systems per unit with baseboard offset if ever required. Tenants pay own electricity and hot water in addition to HWT tank rental (electric). In addition to two (at the time of listing) fully rented apartment buildings, the sale includes an adjacent parcel (separate PIN) for future development of an additional 12-unit building, subject to tsite plan per City of Pembroke Lands are all zoned R4-34 multiple family zone with favorable development exceptions for this location per Ottawa. The population as of 2021 Census was 14,364. It is home to the administrative Marina & Pembroke Waterfront Park (pathways & waterfront boardwalk) while only 3km to the Pembroke Mall/Walmart/Canadian Tire, 1.5km to the Pembroke Regional Hospital and just 950 metres to Algonquin College. 2021 Income/Operating Expenses Available to qualified Buyers. Gross Income 2021 of $456,763.52 with Expenses before debt service of $168,315.00 (full breakdown available, including vacant land exp. and management fee). (id:29295)

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https://www.realtor.ca/real-estate/25183226/100-maple-avenue-pembroke