222 Belmont Avenue, Pembroke, ON K8A 2C5, Pembroke, ON, K8A 2C5
MLS: X13074908 | Multiplex
$829,900
Property Description
Excellent investment opportunity with this well maintained, fully brick purpose-built 6-plex in the desirable east end of Pembroke. This solid asset features a desirable unit mix of two 1-bedroom units on the main level and four spacious 2-bedroom units across the second and third floors, appealing to a wide range of tenants. All units offer bright, functional layouts and have been updated with modernized bathrooms, helping to attract and retain quality occupants. Each unit is separately metered for hydro, minimizing operating expenses and simplifying management. The building also includes a convenient coin-operated laundry setup, adding an additional income stream, along with ample on-site parking and private indoor storage areas for tenants-features that continue to support strong rental demand. Major capital improvements have been addressed, including a torch-on roof completed in 2019, providing peace of mind for years to come. Situated in a prime east end location close to amenities, schools, and transit, this property consistently appeals to long-term renters. Offering a strong 6.9% cap rate, this is a turnkey, income-generating property ideal for both seasoned investors looking to expand their portfolio and those seeking a reliable entry into multi-residential investing.
Quick Facts
- Property Type: Multiplex
- Style: 2 1/2 Storey
- Bedrooms: 10 (8 above, 2 below)
- Bathrooms: 6
- Parking: 12.0 spaces (Private)
Costs
- Annual Taxes: $8,480.22 (2025)
Listing Provided by: ROYAL LEPAGE EDMONDS & ASSOCIATES
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Half
Exterior & Construction
- Style: 2 1/2 Storey
- Roof: Asphalt Rolled
- Construction: Brick
- Foundation: Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
Community & Neighbourhood
- Neighbourhood: 530 - Pembroke
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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222 Belmont Avenue, Pembroke, ON K8A 2C5, Pembroke, ON, K8A 2C5