14 Sunset Drive
Kensington, Prince Edward Island
MLS® 202623488
$3,900,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202623488
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2014
1 / 2Listing 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.
Property summary
- MLS® number
- 202623488
- Property type
- Multi-family
- Building type
- Apartment
- Title
- Freehold
- Land size
- 1.38
- Built in
- 2014
- Annual property taxes
- $23,974.00
- Parking
- Parking Space(s), Parking Space(s)
- Days on market
- 0 days
Features & details
- Heating
- Baseboard heaters, Electric, Wall Mounted Heat Pump
- Cooling
- Air Conditioned
- Basement
- None
- Flooring
- Laminate, Engineered hardwood, Vinyl
- Appliances
- Washer, Dryer - Electric, Range - Electric, Oven
- Exterior features
- Vinyl
What would this home cost you?
Based on the $3,900,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE COUNTRY ESTATES 1985 LTD, SUMMERSIDE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.