OTTAWA

OPEN HOUSES

BACK TO LISTINGS

320 LAKE ST STREET
Pembroke, Ontario K8A5M2

$4,500,000

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)

ARE YOU INTERESTED IN LEARNING

MORE ABOUT THIS PROPERTY?

Request More Listings Information
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: June 14, 2023

On market: 320 days
BACK TO LISTINGS

NOTICE: All Royal LePage Team Realty offices are open to our clients. We have new procedures and policies to ensure our clients and communities are safe. Please contact us or your Royal LePage Team Realty sales representative to plan your visit.

Contact one of our branches, we're here to help!

Not intended to solicit currently listed properties or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information. Royal LePage Team Realty, Independently Owned & Operated Brokerage. All rights reserved. Ottawa Real Estate


The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.

NOTICE: All Royal LePage Team Realty offices are open to our clients. We have new procedures and policies to ensure our clients and communities are safe. Please contact us or your Royal LePage Team Realty sales representative to plan your visit.

Contact one of our branches, we're here to help!

Not intended to solicit currently listed properties or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information. Royal LePage Team Realty, Independently Owned & Operated Brokerage. All rights reserved.


The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.