CENTURY21
Northumberland Realty (1987) Ltd.
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Introducing an exceptional real estate opportunity in the charming community of Kinkora, PEI! This four-unit property has been meticulously cared for and thoughtfully upgraded, making it a prime investment option. Recent improvements include a new furnace in 2014, fresh vinyl siding in 2016, a brand-new roof in 2023, and a water heater also from 2023, ensuring worry-free ownership. Comprising four units in total, with Unit 1 and 2 being mirror images and the same for Unit 3 and 4, each unit provides spacious 2 bedrooms and 1 bathroom, ensuring comfortable living spaces for your tenants. Heating is powered by oil, conveniently located in a common utility room, and there's a shared laundry room, included in the rent, making it an attractive offer for renters. Additionally, each unit has its own electric meter, with tenants taking care of their electricity bills while the building owner covers the cost of oil. Sitting on a generous 0.79-acre lot, there's even room for potential expansion. You'll also appreciate the convenience of a drilled well and municipal sewer system. Located in a beautiful neighbourhood in Kinkora, this property offers easy access to local amenities, including a gas station, restaurants, and elementary and high schools. Plus, you're just minutes away from the breathtaking Chelton Beach Provincial Park, offering world-class beaches and stunning views of the Confederation Bridge. This property enjoys a central location, with Borden only 10 minutes away, Summerside just 18 minutes, and Charlottetown a short 35-minute drive. This Fourplex combines a prime location with recent updates and endless potential, making it an irresistible investment opportunity for the savvy investor. Financials available upon request. (id:54293)
| MLS® Number | 202318840 |
| Property Type | Multi-family |
| Community Name | Kinkora |
| Amenities Near By | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Ski Area, Marina |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
| Amenities | Laundry Facility |
| Appliances | Oven, Dryer, Washer, Refrigerator |
| Constructed Date | 1993 |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters, Furnace |
| Type | Fourplex |
| Utility Water | Drilled Well |
| Parking Space(s) |
| Acreage | No |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Ski Area, Marina |
| Sewer | Municipal Sewage System |
| Size Total Text | 1/2 - 1 Acre |
| Zoning Type | Multi-family |
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Consulting Hours:
Monday – Friday 8am – 5pm
Evenings & Weekends – by appt
Contact Me:
Phone: 902-438-0382
Email: [email protected]
