ON
Pembroke
K8A2C5
222 Belmont Avenue
222 Belmont Avenue, Pembroke, ON K8A2C5
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Listing Type
Multi Family
Listing Status
Active
49
$829,900

Home Details for 222 Belmont Avenue

Price
$829,900
Type
Residential Income
Bedrooms
10
Total Bathrooms
6
Listing #
X13074908
Property Description

Excellent investment opportunity with this well maintained, fully brick purpose-built 6-plex in the desirable east end of Pembroke. This solid asset features a desirable unit mix of two 1-bedroom units on the main level and four spacious 2-bedroom units across the second and third floors, appealing to a wide range of tenants. All units offer bright, functional layouts and have been updated with modernized bathrooms, helping to attract and retain quality occupants. Each unit is separately metered for hydro, minimizing operating expenses and simplifying management. The building also includes a convenient coin-operated laundry setup, adding an additional income stream, along with ample on-site parking and private indoor storage areas for tenants-features that continue to support strong rental demand. Major capital improvements have been addressed, including a torch-on roof completed in 2019, providing peace of mind for years to come. Situated in a prime east end location close to amenities, schools, and transit, this property consistently appeals to long-term renters. Offering a strong 6.9% cap rate, this is a turnkey, income-generating property ideal for both seasoned investors looking to expand their portfolio and those seeking a reliable entry into multi-residential investing. (id:31684)

Property Features
  • Heating Information
    • Natural Gas
    • Radiant
  • Cooling Information
    • None
Listing Courtesy: ROYAL LEPAGE EDMONDS & ASSOCIATES
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Kate Hoekstra
License #: 5012081
Franchisee
Office
647 618 3158
Agent
647 618 3158
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