516 PEMBROKE St E

Attention Investors!! Here Lies A Profitable Investment Opportunity; This Duplex Is Cash Flow Positive With A 7% Cap Rate!!! This Property Is Conveniently Located In Pembroke. It Is Within Walking Distance Of The Ottawa River, Bus Stops, And All Other Necessary Amenities. Additionally, This Duplex Is Only A 4-Minute Drive To Algonquin College. This Is A Fantastic Opportunity That Presents Monthly Cash Flow! The Property Is Currently Tenanted With Great Tenants, Unit A (Closest To The Road) Is A 3-Bedroom/1.5-Bath Unit That Is Rented At $1,300 Monthly (Since 2020 - Now On A Month-To-Month Tenancy). Unit B (Back Unit) Is A 2-Bedroom/2-Bath Unit That Is Rented At $1,600 Per Month (Since Nov 2022 - On A 1-Year Lease). All Tenants Pay Their Own Heat And Hydro. There Are 2 Separate Hydro Meters Don't Miss Out On This Great Opportunity! Updates: Roof 2013, Electrical 2015, All Bathrooms Renovated 2015, Furnaces 2018, Tankless Heater 2018, Front Unit Updated 2018, Back Unit Updated 2015, Flooring: Laminate