$489,900 Sale

Listed 24 days ago

526 MACKAY STREET

MLS® x13801882 Triplex

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Beds · 4+1

Baths · 3.0

Parking · 5

Sqft · 1500 - 2000

Est. mortgage

$1,859/mo

Key Facts

Key facts for 526 MACKAY STREET

Property Type

Apartment

Parking

Garage: No, 5 parking

MLS #

X13801882

Size

1500 - 2000 sqft

Basement

N/A

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Excellent investment opportunity in a convenient Pembroke location! This well-maintained triplex features three separate, self-contained units, each with its own hydro meter, electrical panel and hot water tank, providing investors with excellent utility separation and simplified expense management.... The property generates approximately $60,228 in annual rental income, with estimated annual expenses of only $18,734.72, resulting in an impressive approximate net annual income of $41,493.28. Additional income is generated through on-site laundry, coin operated. Tenants pay their own hydro, while the landlord is responsible for natural gas and common-area costs, helping to maintain a favourable operating expense structure. Current rents include $1,837/month for the main floor 2-bedroom unit, $1,600/month for the upper 2-bedroom unit, and $1,532/month for the lower level 1-bedroom+den unit. The seller has completed numerous updates throughout the property, making this an attractive opportunity for investors seeking established rental income with strong cash-flow potential. Conveniently located close to schools, shopping, downtown amenities and Algonquin College's Pembroke Campus, this property offers a desirable location for tenants and solid fundamentals for an income-producing portfolio addition. Minimum 24-hour irrevocable on all offers. Minimum 48-hour notice required for all showings. (id:10452)

Full Property Details

Interior

Bedrooms

Bedrooms Plus

Washrooms

3.0

Square Footage

1500 - 2000 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement

Bedrooms

Bedrooms Plus

Washrooms

3.0

Square Footage

1500 - 2000 sqft

Basement

N/A

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Basement Features

Apartment in basement

Exterior

Acreage

65.9 x 107.8 FT

Parking Spaces

Garage Spaces Y/N

Acreage

65.9 x 107.8 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Triplex

Exterior

Stucco, Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Triplex

Exterior

Stucco, Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Pembroke

Area Code

Pembroke

Community

Pembroke

Area Code

Pembroke

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Mindy Jones

Email: [email protected] Cell: 613-639-1335