583 River Road, Pembroke, ON

$1,049,000
MLS#:X12083301
6 beds
3 baths
2000-2500 sqft
8.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] triplex located in the coveted neighborhood of 530 - Pembroke. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $1,049,000 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.

  • 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 69 x 66.4 ft lot
  • Features a ["finished", "apartment"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available
  • Notable attributes: ERV/HRV, Separate Heating Controls, Separate Hydro Meter
  • equipped with ["other"] central cooling and highly efficient heat pump heating via electric

Introducing 583 River Road, a rare and exceptional opportunity for homebuyers looking to generate additional income, or savvy investors. Completed in 2024 with high-end workmanship, this brand new triplex is fully leased at excellent rents, making it a truly turn-key investment. Each of the three spacious 2-bedroom units boasts over 1,000 sq ft of living space, with modern finishes, thoughtful layouts, and abundant natural light throughout. With a remarkable 7% CAP rate, this property offers reliable, long-term income potential right from day one. Perfectly situated near a full range of amenities, this property is ideal for professionals, students, or families ensuring strong tenant demand year-round. Whether you're house hacking or expanding your rental portfolio, 583 River Road is a smart move in todays market. Don't miss out on this outstanding investment opportunity.

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
3
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 13, 2025
Sold price information is available to members only
Listed Date4/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionBrick, Aluminum Siding
Lot Size69 × 66.4 Feet
CountyRenfrew
Annual Tax$4,474
Legal DescriptionPT LT 279, PL 85 BEING PART 2 PLAN 49R18869; CITY OF PEMBROKE

Parking & Garage

Parking Spaces8.0
Garage Spaces8
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
Cooling["Other"]

Features

Property Features

Community Features

Location

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583 River Road, Pembroke, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 583 River Road, Pembroke, ON K8A 1A3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$839,200
Monthly Mortgage$4,876
Property Tax (Est.)$373
Utilities & Maint.$350
Total Monthly Cost$5,599

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Pembroke.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 530 Pembroke, Pembroke.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Holy Name
Public299 First Avenue North, Pembroke, Ontario, K8A 5C3
3.6
L'Équinoxe
Public399 Isabella Street, Pembroke, Ontario, K8A 5T4
4.7
Cathedral
Public200 Isabella Street, Pembroke, Ontario, K8A 5S7
6.8
Jeanne-Lajoie
Public1257 Pembroke Street West, Pembroke, Ontario, K8A 5R3
6.5
Champlain Discovery
Public390 Bell Street, Pembroke, Ontario, K8A 2K5
3.0

Secondary Schools

Bishop Smith
Public362 Carmody Street, Pembroke, Ontario, K8A 4G2
7.3
Jeanne-Lajoie
Public1257 Pembroke Street West, Pembroke, Ontario, K8A 5R3
8.2
Fellowes
Public420 Bell Street, Pembroke, Ontario, K8A 2K5
4.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.