320 LAKE ST STREET
Pembroke, Ontario K8A5M2


  • 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

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

On market: 319 days
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Stories Total 4
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320 LAKE ST STREET

CONTACT

+1 (613) 355-7078

Brandi Leclerc

Sales Representative

(613) 355-7078 (direct)

(613) 825-7653 (office)

brandil@royallepage.ca

homeswithbrandi.com

 

3101 Strandherd Drive, Ottawa

BARRHAVEN / NEPEAN



Royal LePage Team Realty

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