523 Boundary Road E

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Pembroke ! Nestled at 523 Boundary Road E, Pembroke, Ontario, this legally zoned triplex is a gem for investors. With its solid cash flow potential, it’s ideal for anyone looking to dive into the rental market or expand their existing portfolio.

This property boasts a well-maintained exterior, featuring a combination of brick and other materials, which gives it a sturdy and appealing look. The building style is a two-storey multiplex, situated on a generous lot measuring 60 x 225 feet, providing ample outdoor space without any rear neighbours to disturb your peace. The location is also quite convenient, with the property located at the intersection of Boundary and Karen, making it easy to access local amenities and services in the Pembroke area.

The Multi-Family Home for sale in Pembroke comprises three units: two one-bedroom apartments on the second level and a spacious two-bedroom unit on the main floor. All units are currently tenanted, ensuring a steady stream of income right from the start. The two-bedroom unit is particularly inviting, filled with natural light and featuring an open-concept layout that includes a kitchen island. Tenants will also appreciate the access to the entire backyard and deck, perfect for those sunny days.

Each unit is equipped with a four-piece bathroom, providing convenience for all residents. The main floor includes shared laundry facilities, making it easy for tenants to manage their laundry without hassle. The larger one-bedroom unit on the second level even boasts a rooftop deck, offering a lovely outdoor space for relaxation or entertaining guests.

While this Multi-Family Home for sale in Pembroke doesn’t include a dedicated kitchen in the traditional sense, the layout and amenities more than compensate for it. The property is unfurnished, allowing new owners to tailor the space to their liking. Although there’s no air conditioning or central vacuum system, the baseboard heating will keep the units warm during the colder months.

Parking won’t be an issue here, as there’s an attached garage that accommodates one vehicle, plus additional parking space for up to three cars. This is a significant advantage for tenants who may have multiple vehicles. The property is connected to municipal water and sewer services, ensuring a reliable supply for all residents.

It’s worth noting that there’s no swimming pool or fireplace, but the full, unfinished basement offers potential for future development or additional storage space. This Multi-Family Home for sale in Pembroke is not just a property; it’s an opportunity to secure a solid investment in a thriving community.

Investors will appreciate the potential for long-term growth in the Pembroke area, and with all units currently occupied, you can step into a positive cash flow situation immediately. With 24 hours' notice required for showings and a 24-hour irrevocable period on all written offers, this property is a hot commodity in the market.

So, if you’re ready to take the plunge into property investment or expand your existing portfolio, this Multi-Family Home for sale in Pembroke at 523 Boundary Road E, Pembroke, is waiting for you. Don’t miss out on this fantastic opportunity to own a well-maintained triplex in a desirable location!

Community 530, located in the charming city of Pembroke, offers a picturesque blend of natural beauty and small-town charm. Nestled amidst lush greenery and scenic landscapes, this area is characterised by its friendly atmosphere and a strong sense of local identity. Residents enjoy easy access to essential amenities, including shops, schools, and recreational facilities, all within a short distance. The community is well-connected, making it convenient for commuting while still providing a peaceful retreat from the hustle and bustle of city life. With its welcoming vibe and vibrant surroundings, Community 530 is an ideal place for those seeking a tranquil yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is Highview Public School, situated just 2.1 km away, offering elementary education (JK to 8) with a solid school rating of 3.5. This school is part of the Renfrew County District School Board and provides instruction in both English and French for different grade levels. For secondary education, Fellowes High School is located 2.9 km from the property, serving grades 9 to 12, and boasting a school rating of 3.7. This public high school also operates under the Renfrew County District School Board and offers an English language curriculum. The proximity of these schools ensures that your children will have access to quality education without the hassle of long commutes. Overall, the nearby schools contribute positively to the neighborhood's appeal, providing a supportive environment for academic growth and development.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 505 residents, with an average household size of 2.3 individuals. The demographic profile indicates a mature community, with an average age of 41.9 years. The average household income stands at $73,000, and approximately 13.2% of the population is classified as low-income. The housing market reflects an average price of $214,000, appealing to both buyers and investors. Notably, 50% of the residents are single, while 37.93% of households include children, suggesting a family-friendly environment. The area has a modest immigrant population of 3.3%, and 23.26% of the residents are renters, indicating a balanced mix of ownership and rental opportunities. Interestingly, there are no condominiums available in the vicinity. Education levels are relatively high, with 46.05% of the population holding a college or university degree. However, a significant portion, 39.47%, is not actively participating in the labor force, which may influence local economic dynamics. Overall, this community presents a diverse and stable demographic landscape, making it an attractive location for potential homeowners and investors alike.