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613-440-7653

  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke
  • 320 LAKE ST STREET Pembroke

$4,500,000

ID# 1347315

320 LAKE ST STREET
Pembroke, Ontario K8A5M2

Constructed in 2017/18, this 16-unit building just two blocks from Algonquin College in downtown Pembroke features 15 three-bedroom suites and 1 one-bedroom suite, all with appliances (fridge/stove/dishwasher) and furniture package. Projected gross income from rental and parking for 2023 projected at $410,310/annum. Seller's expenses in 2022 as follows: advertising and promotion: $307; insurance: $17,779; laundry (card/lease) and cleaning: $15,436; management fees: $20,340; property taxes: $28,961; grounds, maintenance & repairs: $28,961; utilities and security, Internet included: $49,182; professional fees: $3,497, office: $543. Total before debt service for 2022 is $162,499. Assuming a 2% increase in operating expenses and projected income for 2023 of $244,561 with projected cap rate asking at 5.4%. Parking is assigned with overflow available. The age of the property is technically 0-5 years (occupied September 2018). Laundry is coin (actually card) operated. (id:25961)

Would you like more information about this property?

General Inquiry
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: June 14, 2023

On market: 322 days
Year Built 2016
Stories Total 4

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Call Coady Real Estate Group Today! - 613-440-7653

KEVIN COADY

BROKER

Mobile: 613-314-9728

kevin@coadyrealestategroup.com

ANN COADY

BROKER

Mobile: 613-371-5212

ann@coadyrealestategroup.com

SHANNEL MOISE

REALTOR®

Royal LePage Team Realty

Unit# 4 - 3101 Strandherd Drive

Nepean, Ontario

Canada K2G 4R9

2000 | 2001

2002 - 2004

2005 - 2009

2013 - 2016

2017 - 2020

2005, 2006, 2008 & 2009

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