320 LAKE ST STREET Constructed in 2017/18, this 16-unit building just two blocks from Algonquin College in downtown Pembroke features 15 three-bedroom suites and 1 one-bedroom suite, all with appliances (fridge/stove/dishwasher) and furniture package. Projected gross income from rental and parking for 2023 projected at $410, 310/annum. Seller's expenses in 2022 as follows: advertising and promotion: $307; insurance: $17, 779; laundry (card/lease) and cleaning: $15, 436; management fees: $20, 340; property taxes: $28, 961; grounds, maintenance & repairs: $28, 961; utilities and security, Internet included: $49, 182; professional fees: $3, 497, office: $543. Total before debt service for 2022 is $162, 499. Assuming a 2% increase in operating expenses and projected income for 2023 of $244, 561 with projected cap rate asking at 5.4%. Parking is assigned with overflow available. The age of the property is technically 0-5 years (occupied September 2018). Laundry is coin (actually card) operated. (id:203)