659 Mackay Street Pembroke, Ontario K8A 1G5

$499,000

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. (id:49712)

Property Details

MLS® Number	X12307137
Property Type	Multi-family
Community Name	530 - Pembroke

Building

Heating Type	Baseboard Heaters
Size Interior	1,500 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	131 Ft ,11 In
Size Frontage	48 Ft ,4 In
Size Irregular	48.35 X 131.98 Ft
Size Total Text	48.35 X 131.98 Ft
Zoning Description	N/a

https://www.realtor.ca/real-estate/28653087/659-mackay-street-pembroke-530-pembroke