412 Murray Street, Pembroke, ON K8A 4P6

About This Property

Great investment opportunity or live in one unit and have tenants pay your mortgage! This large, solid brick 2.5-storey triplex is centrally located and offers a great investment opportunity with tenants paying their own heat and hydro. This property offers exceptional curb appeal and timeless century charm. Rich in character, the home features a relaxing front porch, soaring high ceilings, beautiful details and generously sized windows that flood the spaces with natural light throughout the day. The property itself features three well-laid-out units consisting of one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment, appealing to a wide range of renters. Major updates include a new metal roof in 2021, updated front windows, and a new bathroom in Apartment 2 (2024). Custom new cupboards have been installed in Apartments 1 and 2, and hardwood flooring in Apartment 2's living room was added in 2023. The building has seen ongoing maintenance and fresh paint throughout, and has been well maintained and cared for over the years. Pride of ownership landlord just looking to retire. Currently occupied by good tenants, the rental income is as follows: Apartment 1 (3 BED) - $1,480/month. Apartment 2 (1 BED)- $800/month. Apartment 3 (2 BED) - $1,225/month. Gross annual income $42,060. Annual expenses $11,708. Net Income $30,351. Entire building baseboard electric heating on 3 separate hydro meters. Three electric hot water tanks. Big lot - ample parking available! A solid investment with updates already completed and reliable rental income in place. 24 hours irrevocable on all offers. 24 hours notice required for all showings.

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