Description

Price : $499,000.00 MLS^® : X12307137 / 659 Mackay Street, Pembroke, ON K8A 1G5

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 Description

Mackay St / Bell St

Property Details

• Community: 530 - Pembroke
• Property Type: Vacant/Commercial
• Garages: None
• Annual Property Taxes : $ 3381.58

Building Features

• Parking Type : None

Features

• Heating : Baseboard

Land (Lot Features)

• Frontage: 48.35 sq.ft
• Land Depth: 131.98sq.ft

Listing Contracted With: EXP REALTY