Catherine Street, Pembroke, Ontario K8A1V3

Property Description

The Catherine Street portfolio consists of 44 units (with 39 - 2 bedroom units) over 4 contiguous buildings, located in a quiet residential neighborhood in Pembroke, close to shopping, restaurants, schools, and downtown Pembroke, with convenient access to transit routes, grocery stores, Pembroke Mall, Algonquin College, and the Pembroke Regional Hospital. Proximity to the Trans-Canada Highway ensures quick access to surrounding communities and regional employers, making these properties highly attractive to a wide renter base. The buildings have benefited from a comprehensive program of capital improvements, ensuring the properties are exceptionally well positioned for long-term performance. Extensive upgrades to mechanical systems, windows, roofing, and balconies, along with in-suite renovations and new appliances, the portfolio offers both stability and clear upside potential through the continued renovation of remaining suites, with substantial potential rental increases as units turnover. Financials are available with an NDA. (id:5764)