Agent's Properties

$4,500,000

City:

Pembroke

Postal Code:

K8A 5M2

Bedrooms:

46

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 via coinamatic but on site on the first floor. 320 Lake Street is being sold together with 164 Christie Street. See MLS®#: 40437908. 164 Christie Street is a 6-unit building, a separate title, directly adjacent to 320 Lake Street.

$4,000,000

City:

Cornwall

Postal Code:

K6J 3E5

The subject property is a 4 storey office building comprising approx. 38,872 sq.ft. (Gross Useable Floor Area). The Gross Rentable Floor Area is 36,415 sq.ft.. Property is situate on a 0.90 acre lot with approx. 56 exterior parking spaces in the city core. within two blocks of the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre and within four blocks of the City Hall The building is partially leased to proffesional office tenants including Law Office and Ontario Realty Corporation. The property is serviced with a hydraulic elevator system. The Central Business District Zoning offers a broad range of allowable uses within. At time of listing about 7,628 sq.ft. was leased and there were ongoing discussions for a lease of a further 3,000 sq.ft.. Income/Operating available upon request.

$4,000,000

City:

Cornwall

Postal Code:

K6J 3E5

The subject property is a 4 storey office building comprising approx. 38,872 sq.ft. (Gross Useable Floor Area). The Gross Rentable Floor Area is 36,415 sq.ft.. Property is situate on a 0.90 acre lot with approx. 56 exterior parking spaces in the city core. within two blocks of the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre and within four blocks of the City Hall The building is partially leased to proffesional office tenants including Law Office and Ontario Realty Corporation. The property is serviced with a hydraulic elevator system. The Central Business District Zoning offers a broad range of allowable uses within. At time of listing about 7,628 sq.ft. was leased and there were ongoing discussions for a lease of a further 3,000 sq.ft.. Income/Operating available upon request.

$2,300,000

City:

Pembroke

Postal Code:

K8A 7W4

Age: New construction in 2014, Occupied in May 2015; Type of Construction: Wood frame, asphalt shingles, mason/vinyl exterior; Parking: 18 paved surface spaces; Units: 10-2brm suites (~900SF) , 2-1brm suites (~750SF); Annual Projected Rent Revenue: $169,982; Annual Projected Expenses: $64,446; Appraised Value: $2,050,000 as of February 2022.

$1,800,000

City:

Pembroke

Postal Code:

K8A 4R1

Bedrooms:

18

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.