222 Belmont Avenue, Pembroke, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of 530 - Pembroke. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $829,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 90 x 125 ft lot
- Features a half basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available
- Notable attributes: Water Heater Owned
- Efficient radiant heating via gas
Description
Excellent investment opportunity with this well maintained, fully brick purpose-built 6-plex in the desirable east end of Pembroke. This solid asset features a desirable unit mix of two 1-bedroom units on the main level and four spacious 2-bedroom units across the second and third floors, appealing to a wide range of tenants. All units offer bright, functional layouts and have been updated with modernized bathrooms, helping to attract and retain quality occupants. Each unit is separately metered for hydro, minimizing operating expenses and simplifying management. The building also includes a convenient coin-operated laundry setup, adding an additional income stream, along with ample on-site parking and private indoor storage areas for tenants-features that continue to support strong rental demand. Major capital improvements have been addressed, including a torch-on roof completed in 2019, providing peace of mind for years to come. Situated in a prime east end location close to amenities, schools, and transit, this property consistently appeals to long-term renters. Offering a strong 6.9% cap rate, this is a turnkey, income-generating property ideal for both seasoned investors looking to expand their portfolio and those seeking a reliable entry into multi-residential investing.
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Pricing & Value Insights
Data-driven valuation for 222 Belmont Avenue, Pembroke, ON K8A 2C5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Pembroke, ON
For a property listed at $829,900 in Pembroke, the legal minimum down payment is $57,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,073 for this transaction. As this listing is in Pembroke (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,073.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
