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156 Mackay Street, Pembroke, ON K8A 1B9

Investment
$999,999

Here is the investment opportunity you have been waiting for! The Old Rowan Stone House is for sale. It is now an apartment building in the heart of Pembroke, sitting conveniently on the edge of downtown, and close to Pembroke's waterfront. This six unit building offers, 4 - two bedroom apartments, one bachelor apartment, and 1 - four bedroom apartment on the lower level. All of the units are unique and some offer 9 foot ceilings, original woodwork, or a scenic view of the Ottawa River from their private deck. This unique investment property has only had a few owners during its time, showing investment stability, and pride of ownership. The building is currently being taken care of by a superintendent who would be happy to stay on the job, if wanted!

MLS number
X12440611
Type
Investment
Status
Active
Bedrooms
Bathrooms
Postal code
K8A 1B9
Photos
50
Property tax
$6,041 / year
345days · this listing
days · this property
Registration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Cathedral Catholic School
Renfrew County CDSB
Elementary682 mNot reported
Highview Public School
Renfrew County DSB
Elementary755 m4.7 / 10
47% met the standard
École secondaire publique L'Équinoxe
CÉP de l'Est de l'Ontario
Secondary915 m7.2 / 10
72% met the standard · 2 of 6 measures
École élémentaire publique L'Équinoxe
CÉP de l'Est de l'Ontario
Elementary952 m6.5 / 10
65% met the standard
Bishop Smith Separate School
Renfrew County CDSB
Elementary1.2 kmNot reported
Renfrew County Adult Day School
Renfrew County DSB
Secondary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 202 people.

17.6%Own their home
17.6%Detached houses
77.5Median age
0%Born outside Canada
8.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470211 — the few blocks around this address, home to 202 people. It describes the area, not this property.

202Population
71.6Average age
1.5Household size
18%Own their home
82%Rent
0%Condominiums
0%Born outside Canada
8%University degree
20%Never married
25 to 29 years3%
30 to 34 years3%
40 to 44 years3%
45 to 49 years3%
50 to 54 years3%
55 to 59 years8%
60 to 64 years8%
65 to 69 years8%
70 to 74 years8%
75 to 79 years10%
80 to 84 years10%
85 years and over36%

Percentages are of the 195 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$200,000 · minimum here is $75,000
$4,427.78per month
Borrowed before insurance$799,999
Total borrowed$799,999
Interest over 25 years at 4.5%$528,334

If you rented it out

-$4,931.19per month out of pocket
Rent$0.00
Everything it costs to hold$4,931.19
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 ASPIRE REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.