526 MACKAY STREET, Pembroke, Ontario

5 Beds 3 Baths

$489,900

Listing ID: X13801882 Property Type: Multi-family

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:25961)

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Details

Equipment: Water Heater
Parking Spaces: 5
Rental Equipment: Water Heater
Transaction: For sale

Building

Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 4
Bedrooms Lower Level: 1
Cooling: None
Exterior Finish: Stucco, Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 1.5
Type: Triplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 65 ft ,10 in
Size Irregular: 65.9 x 107.8 FT

Listing provided by ROYAL LEPAGE EDMONDS & ASSOCIATES
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 526 MACKAY STREET in Pembroke Ontario. It was last modified on September 18th, 2026. Contact Stéphane Chevalier to schedule a viewing or to discover other Pembroke homes for sale.

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