412 Murray Street

Introducing a remarkable investment opportunity, this Multi-Family Home for sale in Pembroke is a superb choice for those looking to either reside in one unit while benefiting from rental income or to expand their property portfolio. Located at 412 Murray Street, Pembroke, this impressive 2.5-storey multiplex is built from solid brick and showcases the timeless charm and character of a century-old home.

This property, situated in the desirable community of 530 - Pembroke, offers an exceptional layout with three well-designed units: one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment. Each unit is appealing to a diverse range of potential tenants, making this Multi-Family Home for sale in Pembroke a lucrative investment. The total of six bedrooms and three bathrooms across the property ensures ample space for families and individuals alike.

The residence boasts a generous total of 15 rooms, which include three kitchens—one for each apartment—ensuring that tenants have the convenience of cooking facilities. It is important to note that there is no additional kitchen, den, or family room, which allows for a straightforward layout focused on maximising rental potential. Each unit is equipped with its own baseboard electric heating system, and the property operates on three separate hydro meters, providing tenants with the ability to manage their own heating and electricity costs effectively.

Centrally located at 412 Murray Street, Pembroke, this Multi-Family Home for sale in Pembroke features an inviting front porch that enhances its curb appeal. The soaring high ceilings and generously sized windows allow natural light to flood the interiors, creating a warm and welcoming atmosphere throughout the day. The property has been meticulously maintained, with ongoing updates that include a new metal roof installed in 2021, updated front windows, and a newly renovated bathroom in Apartment 2 completed in 2024. Custom cupboards have also been added in Apartments 1 and 2, while Apartment 2's living room has been upgraded with beautiful hardwood flooring in 2023.

The exterior of the building is constructed from brick, ensuring durability and a classic aesthetic that stands the test of time. The lot measures an impressive 55 x 180 feet, providing ample parking space for up to eight vehicles—an attractive feature for tenants. It is worth mentioning that there is no garage space or driveway associated with the property, yet the parking provisions more than compensate for this.

With no central vacuum system, air conditioning, or pool, the focus remains on the essential features that make this Multi-Family Home for sale in Pembroke an excellent investment. The property is currently unoccupied by the owner, allowing for immediate rental income from reliable tenants. The current rental income is as follows: Apartment 1 (3 BED) generates $1,480 per month, Apartment 2 (1 BED) brings in $800 per month, and Apartment 3 (2 BED) yields $1,225 per month, resulting in a gross annual income of $42,060. After accounting for annual expenses of $11,708, the net income stands at an impressive $30,351.

The basement of the property is unfinished, presenting an opportunity for future development or storage, while the municipal water and sewer services ensure reliable utilities. The pride of ownership is evident, with a landlord who has maintained the property with care and attention over the years, now seeking to retire.

In summary, this Multi-Family Home for sale in Pembroke at 412 Murray Street, Pembroke, is a solid investment opportunity with completed updates and dependable rental income already in place. With 24 hours irrevocable on all offers and a requirement for 24 hours' notice for showings, this property is ready for the next owner to take advantage of its potential. Don’t miss your chance to secure this exceptional property in a thriving community.

Community 530, located in the charming city of Pembroke, offers a delightful blend of natural beauty and urban convenience. Nestled amidst picturesque landscapes, this area is characterised by its serene surroundings, with lush parks and scenic walking trails that invite outdoor enthusiasts to explore. The community is well-connected, providing easy access to local amenities, including shops, schools, and recreational facilities, ensuring that residents enjoy a comfortable and fulfilling lifestyle. With a friendly atmosphere and a strong sense of local pride, Community 530 is an ideal place for those seeking a peaceful yet vibrant environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Highview Public School, just 1.4 km away, offering elementary education (JK to 8) in both English and French, with a solid school rating of 3.5. For secondary education, Fellowes High School is situated 2.2 km from the property, providing grades 9 to 12 in English, and boasts a slightly higher school rating of 3.7. Both schools are part of the Renfrew County District School Board and are recognized as public institutions. The proximity to these schools not only supports the educational needs of children but also adds to the overall appeal of the neighborhood for potential buyers. With a variety of language options and a range of grades available, families can feel confident in the quality of education their children will receive in this community. Overall, the nearby schools contribute positively to the property’s value and enhance the living experience for families looking to settle in the area.