Real Estate Agent

164 Christie Street, Pembroke, Ontario K8A 4R1 (25714392)


164 Christie Street Pembroke, Ontario K8A 4R1

18 Bedroom 7500
Ductless Baseboard Heaters


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. (id:25832)

Property Details

MLS® Number 40437908
Property Type Multi-family
Amenities Near By Marina, Ski Area
Features Conservation/green Belt


Bedrooms Total 18
Basement Type None
Constructed Date 2020
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Ductless
Exterior Finish Brick Veneer, Wood
Fire Protection None
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 3
Size Interior 7500
Utility Water Municipal Water


Access Type Road Access
Acreage No
Land Amenities Marina, Ski Area
Sewer Municipal Sewage System
Size Depth 115 Ft
Size Frontage 75 Ft
Size Irregular 0.2
Size Total 0.2 Ac|under 1/2 Acre
Size Total Text 0.2 Ac|under 1/2 Acre
Zoning Description R4-35


Electricity Available
Telephone Available


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Patrick N Hulley
Broker of Record

(613) 546-4208

RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

(613) 546-4208

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Peggy Cruickshank | REMAX Agent

peggy cruickshank kingston real estate
Cheo Foundation

A portion of every commission is gifted to my family's favourite charity -- the Children's Charity Network.