Investment opportunity in the heart of Pembroke's East End! This up-and-down duplex offers approximately ~2,387 sq. ft. above grade, with an approximate ~1,200 sq. ft main-floor unit and an approximate ~1,187 sq. ft. upper unit. Each spacious unit features two bedrooms, hardwood floors and its own fireplace. Both currently rent for $1,600 per month, generating $38,400 in gross annual rental income. Tenants pay their own separately metered hydro. Updates completed in 2024 include a roof, vinyl windows on the lower half of the home, bedroom flooring. Set on a small, very low-maintenance lot with two rear parking spaces. Basement storage provides potential space for future coin-operated laundry, offering an opportunity to generate additional income! A luxury six-unit residential building is being constructed next door, adding to the area's ongoing investment and development. Walk to Algonquin College, Metro, Circle K, restaurants and McDonald's, with schools, parks, Pembroke Regional Hospital and a police station nearby! A solid addition to any investment portfolio! (id:4069)
Address
229 CECELIA STREET
List Price
$429,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Pembroke
Bedrooms
4
Bathrooms
2
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
36 x 72.8 FT Sq. Ft.
Lot Depth
72 ft ,9 in
Frontage Length
36 ft
MLS® Number
X13680000
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
N/A (Unfinished)
Postal Code
K8A1R8
Zoning
R2
Parking Places (Total)
2
Features
Irregular lot size, Carpet Free
Appliances
Two stoves, Two Refrigerators
Amenities
Fireplace(s)
Heat Source
Natural gas
Heat Type
Radiant heat
Cooling Features
None
Fireplace
Yes
Foundation Details
Poured Concrete
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
