Virtus Diversified Real Estate Investment Trust.

Property Details

Pembroke Street Plaza

Property Description

Pembroke Street Plaza is located in the north central sector of Pembroke in the commercial downtown core, steps from the Ottawa River. The plaza is a high traffic retail plaza on a busy intersection. The property has 5 units across 20,190 SQ.

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Property Overview

Market Analysis

Pembroke (2021 population 14,364; CA population 23,814) is a city in the province of Ontario, Canada, at the confluence of the Muskrat River and the Ottawa River in the Ottawa Valley. Pembroke is the location of the administrative headquarters of Renfrew County, though the city itself is politically independent. It is one-hundred fifty kilometres northwest of Ottawa.

Pembroke is the largest commercial centre between North Bay and Ottawa. Historically, forestry and farming formed the backbone of the local economy and remain important today. Local timber products include lumber, plywood, veneer, hydro poles and fibreboard. Other local manufacturing operations produce office furniture. CFB Petawawa in nearby Petawawa, Chalk River Laboratories of Atomic Energy of Canada Limited in Chalk River are also regional employers. The economy also benefits from tourism, aided partly by Pembroke’s location on the Trans-Canada Highway. Pembroke is a gateway to natural adventures on the Petawawa and Ottawa Rivers, Algonquin Park and to world-class white water rafting a short distance to the southwest.

Neighbourhood/Location

Pembroke Street Plaza is located at 100 Pembroke St E, Pembroke, Ontario. Pembroke is situated on the beautiful Ottawa river and is renowned as “The Heart of the Ottawa Valley. While being 150km northwest of Ottawa, Pembroke has a population of 14,364 people. The plaza is ideally situated for easy access to all residents in the City.

Property Management

Virtus Asset Management

Property Location

100 Pembroke Street E | Pembroke, Ontario

Virtus Diversified REIT offers a unique investment strategy focused on real estate diversification, cash flow, and high quality tenants.

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