229 Cecelia Street
530 - Pembroke, Pembroke, K8A 1R8
FOR SALE
$429,900
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4
BEDROOMS 2
BATHROOMS 2 + 2
KITCHENS 9
ROOMS X13680000
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Property Description
Investment opportunity in the heart of Pembroke's East End! This up-and-down duplex offers approximately ~2,387 sq. ft. above grade, with an approximate ~1,200 sq. ft main-floor unit and an approximate ~1,187 sq. ft. upper unit. Each spacious unit features two bedrooms, hardwood floors and its own fireplace. Both currently rent for $1,600 per month, generating $38,400 in gross annual rental income. Tenants pay their own separately metered hydro. Updates completed in 2024 include a roof, vinyl windows on the lower half of the home, bedroom flooring. Set on a small, very low-maintenance lot with two rear parking spaces. Basement storage provides potential space for future coin-operated laundry, offering an opportunity to generate additional income! A luxury six-unit residential building is being constructed next door, adding to the area's ongoing investment and development. Walk to Algonquin College, Metro, Circle K, restaurants and McDonald's, with schools, parks, Pembroke Regional Hospital and a police station nearby! A solid addition to any investment portfolio!
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Property Features
Carpet Free, Available, Family Room
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Property Details
Address
229 Cecelia Street
Community
City
Postal Code
K8A 1R8
Property Type
Duplex, Duplex
Zoning
R2
Lot Size
36' x 73'
Acreage
0.1 Feet
Taxes
$4,042 (2025
Basement
Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Team Realty
This well-maintained duplex presents a fantastic investment opportunity for savvy buyers. It consists of two units: Unit A features two spacious bedrooms and one bathroom, currently rented for $1,041.35 per month, while Unit B offers three bedrooms and one bathroom, generating a monthly rental income of $1,191.88. Both units are currently occupied, with long term tenants. Each unit has its own private driveway, ensuring convenience and privacy for tenants. Additionally, the property is equipped with two forced air gas furnaces, with ages of 2020 and 2024, ensuring efficient heating and lower maintenance costs. Unit B benefits from two separate entrances, enhancing accessibility, while Unit A features one entrance. This duplex is not only a sound investment but also a desirable living space for tenants, making it a prime addition to any real estate portfolio.
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