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$ 499,000
Est. payment | /mo
1,500 SqFt
$ 499,000
Est. payment | /mo
1,500 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $332
Subdivision 530 - Pembroke
MLS Listing ID X12307137
Annual Tax Amount $3,381
Tax Year 2024
Property Sub-Type Investment
Property Description
Attention builders and investors! Prime Development Opportunity with existing Duplex + shovel ready 6-Unit Expansion. This rare offering in the heart of Pembroke features a renovated vacant duplex on a large, centrally located lot complete with development permits and plans for a 6-unit residential addition. The existing duplex could provide immediate rental income, while the real value lies in the future build; as-completed appraisal in-hand of $2,250,000! With detailed architectural plans, Phase 1 ESA, and zoning compatibility in place, this property is ideal for multi-residential expansion in a growing market. Steps from the hospital, schools, and amenities, this location supports strong rental demand and long-term growth. Seller is open to creative Joint Venture offer opportunities.
Location
Province ON
County Renfrew
Community 530 - Pembroke
Area Renfrew
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 48.35
Lot Depth 131.98
Others
ParcelsYN No
Listed by EXP REALTY
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.