320 LAKE ST STREET
Pembroke, Ontario K8A5M2

$4,500,000

ID# 1347315

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)

LEARN MORE ABOUT THIS PROPERTY

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

On market: 329 days

Year Built	2016
Stories Total	4

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CONTACT US

Get In Touch

Biju George

Sales Representative

Royal LePage Team Realty, Brokerage

200-1335 Carling Avenue,

Ottawa, ON K1Z 8N8

Cell: 1-613-761- 3219

Bus: 1-613-725-1171

Fax: 1-613-725-3323

bgeorge@royallepage.ca

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320 LAKE ST STREET Pembroke, Ontario K8A5M2

YOU MIGHT ALSO LIKE THESE LISTINGS

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CONTACT US

Get In Touch

320 LAKE ST STREET
Pembroke, Ontario K8A5M2

18561 COUNTY 43 ROAD

Apple Hill

$649,000

Beds: 3 Baths:2 Sq Ft:
Biju George | Broker

18561 COUNTY 43 ROAD

Apple Hill

$649,000

Beds: 3 Baths:2 Sq Ft:
Biju George | Broker

392 PENINSULA ROAD

Ottawa

$3,000

Beds: 4 Baths:4 Sq Ft:
Biju George | Broker

5046 BRINSTON ROAD

Iroquois

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Beds: 1 Baths:1 Sq Ft:
John Baroud

966 BRIAN GOOD AVENUE

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Beds: 3 Baths:3 Sq Ft:
Niraj Singhal

31 LAKESHORE DRIVE

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Beds: 9 Baths:3 Sq Ft:
Matthew James Terriah

1285 ANOKA STREET

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$719,900

Beds: 4 Baths:2 Sq Ft:
Jutta Witteveen

154-156 BECKWITH STREET N

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$349,900

Beds: Baths: Sq Ft:
Erika Blair

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$325,500

Beds: 1 Baths:1 Sq Ft:
Nicole Li

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Beds: 2 Baths:1 Sq Ft:
Jessica Byrne

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Beds: Baths: Sq Ft:
Scott Moore

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Beds: 5 Baths:3 Sq Ft:
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