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:28469)
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 |
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July 25 2025 03:26:01
Ottawa Real Estate Board
Exp Realty