100 Maple Avenue Pembroke, Ontario K8A 1K9

48 Bedroom 31000
Ductless, Wall Unit Baseboard Heaters, Forced Air, Heat Pump Acreage Landscaped


Exceptional multi-family investment opportunity; suites with waiting list, catering to mostly senior tenants and featuring two buildings with 24 spacious suites (12 units per building) constructed 2018/19 with elevator service to each unit and adjacent Ottawa River downtown Pembroke. Each unit has 5 appliances, separate electrical with ductless systems per unit with baseboard offset if ever required. Tenants pay own electricity and hot water in addition to HWT tank rental (electric). In addition to two (at the time of listing) fully rented apartment buildings, the sale includes an adjacent parcel (separate PIN) for future development of an additional 12-unit building, subject to tsite plan per City of Pembroke Lands are all zoned R4-34 multiple family zone with favorable development exceptions for this location per Ottawa. The population as of 2021 Census was 14,364. It is home to the administrative Marina & Pembroke Waterfront Park (pathways & waterfront boardwalk) while only 3km to the Pembroke Mall/Walmart/Canadian Tire, 1.5km to the Pembroke Regional Hospital and just 950 metres to Algonquin College. 2021 Income/Operating Expenses Available to qualified Buyers. Gross Income 2021 of $456,763.52 with Expenses before debt service of $168,315.00 (full breakdown available, including vacant land exp. and management fee). (id:37337)

Property Details

MLS® Number 40364698
Property Type Multi-family
Amenities Near By Shopping
Communication Type Internet Access
Features Cul-de-sac


Bedrooms Total 48
Basement Type None
Constructed Date 2018
Construction Style Attachment Detached
Cooling Type Ductless, Wall Unit
Exterior Finish Brick Veneer, Vinyl Siding
Fire Protection Smoke Detectors
Heating Type Baseboard Heaters, Forced Air, Heat Pump
Stories Total 3
Size Interior 31000
Utility Water Municipal Water


Visitor Parking


Acreage Yes
Land Amenities Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 203 Ft
Size Frontage 306 Ft
Size Irregular 1.6
Size Total 1.6 Ac|1/2 - 1.99 Acres
Size Total Text 1.6 Ac|1/2 - 1.99 Acres
Zoning Description R4-34


Electricity Available
Telephone Available



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