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Multi-family Investment 4 Multifamily Properties Offered at $5,317,441 in Pembroke, ON
Investment Highlights
- Four contiguous apartment buildings comprising a 44-unit multifamily portfolio in a residential Pembroke neighborhood with access to downtown.
- Convenient access to Pembroke Mall, Algonquin College, Pembroke Regional Hospital, grocery stores, and public transit.
- Extensive capital improvements, including upgrades to mechanical systems, windows, roofing, balconies, and in-suite finishes.
- Proximity to the Trans-Canada Highway provides connectivity to surrounding communities and regional employers, supporting a broad tenant base.
Executive Summary
The Catherine Street portfolio consists of 44 units (with 39 - 2 bedroom units) over 4 contiguous buildings, located in a quiet residential neighborhood in Pembroke, close to shopping, restaurants, schools, and downtown Pembroke, with convenient access to transit routes, grocery stores, Pembroke Mall, Algonquin College, and the Pembroke Regional Hospital. Proximity to the Trans-Canada Highway ensures quick access to surrounding communities and regional employers, making these properties highly attractive to a wide renter base. The buildings have benefited from a comprehensive program of capital improvements, ensuring the properties are exceptionally well positioned for long-term performance. Extensive upgrades to mechanical systems, windows, roofing, and balconies, along with in-suite renovations and new appliances, the portfolio offers both stability and clear upside potential through the continued renovation of remaining suites, with substantial potential rental increases as units turnover.
Property Facts
| Price | $5,317,441 USD | Number of Properties | 4 |
| Price / SF | $648.23 USD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,203 SF |
| Status | Active | Total Land Area | 1.12 AC |
| Price | $5,317,441 USD |
| Price / SF | $648.23 USD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 8,203 SF |
| Total Land Area | 1.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 125 Catherine St, Pembroke, ON K8A 1V3 | Multifamily | 4,151 SF | 1969 | - |
| 145 Catherine St, Pembroke, ON K8A 1V3 | Multifamily | 4,052 SF | 1970 | - |
| 165 Catherine St, Pembroke, ON K8A 1V3 | Multifamily | - | 1973 | - |
| 185 Catherine St, Pembroke, ON K8A 1V3 | Multifamily | - | 1973 | - |
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