Price C$1800000 - 40437908

Ontario Homes for sale offer a wide variety of housing options for homebuyers looking for properties in one of Canada’s most populous provinces. The marketplace includes everything from modern luxury condominiums to historic homes with classic architectural details. The province is also home to many diverse and vibrant neighborhoods that cater to different lifestyles. Whether you’re looking for a peaceful suburban community or a bustling urban center, there is sure to be a home in Ontario that suits your preferences. Additionally, the province’s real estate market is dynamic, with properties available at different price points and in various locations.

Property Description

Constructed in 2020, this 6-unit building just two blocks from Algonquin College in downtown Pembroke features 6 three-bedroom suites, all with appliances (fridge/stove/dishwasher/stacked washer & dryer) and furniture package. Projected gross income from rental and parking for 2023 projected at $160,130/annum. Seller’s expenses from 2022 as follows: advertising and promotion: $3,068; insurance: $7,478; management fees: $8,543; office: $27; professional fees: $3,283; property taxes: $10,869; grounds & maintenance & repairs: $9,843; utilities: $17,598. Total expenses in 2022 of $60,709. Assuming a 2% increase in operating expenses and projected income for 2023 of $160,130 yields a projected net of $98,207 with projected cap rate asking at 5.5%. This is a newer, well-located asset in the City of Pembroke.

164 Christie Street is being sold together with 320 Lake Street. See MLS®#: 40437934. 320 Lake Street is a 16-unit building, a separate title.

: Electric, Baseboard
: Ductless
: Dishwasher, Dryer, Refrigerator, Washer, Stove
: In-suite
: Urban, Skiing, Irregular Lot, City Lot, Marina, Greenbelt
: Unassigned
: Asphalt Shing
: Sewer (municipal)
: Electricity Connected, Phone Connected
Address Map
Renfrew County
K8A 4R1
164 Christie Street
W78° 52′ 38.5”
N45° 49′ 28.2”
Pembroke Street West south on Christie Street
Additional information
Re/Max Rise Executives, Brokerage
: Wood Siding
: Concrete Perimeter
: 0-5 Years
: Municipal Road
: Municipal

164 Christie Street, Pembroke, ON K8A 4R1

18 Bedrooms
7,500 Sqft
Listing ID #40437908
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 40437908
Price : C$1800000
Bedrooms : 18
Square Footage : 7,500 Sqft
Year Built : 2020
Lot Area : 8,712 Sqft
Building Area : 7,500 Sqft
Status : Active
Property SubType : Multi-6-9 Unit
Zoning : R4-35
Agent info
Mobility Team
Contact Agent