14 Sunset Drive, Kensington, Prince Edward Island C0B1M0

Listing courtesy of ROYAL LEPAGE COUNTRY ESTATES 1985 LTD.

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$3,900,900
MLS®
202623488
Days on Market
5
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size Dimensions
1.38
Lot Size
1
Subdivision
Kensington

Property Description

Outstanding 16-Unit Investment Opportunity ? Kensington, PEI A rare opportunity for investors and business owners to acquire a well-maintained, income-producing 16-unit property in wonderful Kensington, Prince Edward Island. Opportunities like this don?t come along often! This impressive investment consists of 16 spacious 2-bedroom units, made up of two 6-unit apartment buildings plus an adjacent 4-unit building. The property has been meticulously cared for by its original owner since day one and is only 12 years young. With a 2-year waiting list, demand for these units is exceptionally strong, providing an attractive opportunity for an investor looking for stable, long-term income. Property Highlights:16 total 2-bedroom units, Two 6-unit apartment buildings plus an adjacent 4-unit building, Only 12 years old, Extremely well maintained by the original owner, Approximately $250,000 per door or less ? an exceptional value 2-year waiting list demonstrating strong rental demand, Every unit has its own heat pump, Electric heat ? no oil, Very good soundproofing, Each unit includes a large 15' × 24' attached garage, Additional garage/storage space, Desirable location in Kensington, PEI, Strong potential for long-term income and future appreciation. This is an excellent opportunity to add a quality income-producing asset to your portfolio or build an outstanding retirement investment package. Well-maintained properties, strong tenant demand, individual heating systems and attached garages make this a very attractive investment opportunity. Opportunities of this size and quality are rare ? don?t miss your chance to take a closer look. Contact us today for additional information and financial details. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
Kensington
Zoning
Multi-Family
Cooling
Air Conditioned
Country
Canada
Flooring
Laminate, Engineered hardwood, Vinyl
Sewer
Municipal sewage system
Heating
Baseboard heaters, Electric, Wall Mounted Heat Pump
Lot Size
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks