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$499,000
Est. payment /mo
1,500 SqFt
UPDATED:
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
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Listed by EXP REALTY