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Renanza Realty
For sale

23, 25, 27, 29 Mont Carmel Road

Wellington, Prince Edward Island

MLS® 202618795

$795,000

Status
Active
Property type
Multi-family
MLS® number
202618795
Bedrooms
Bathrooms
Year built
2011

Listing description

An incredible opportunity awaits with this well-maintained four-unit property located on Mont Carmel Road in the heart of Wellington, Prince Edward Island. Offering the perfect combination of homeownership and investment potential, you can live comfortably in one unit while generating rental income from the other three. A smart way to offset your mortgage while building long-term wealth.

Each of the four units features a functional 2-bedroom, 1-bathroom layout, complete with its own heated single-car garage and paved driveway, providing comfort, convenience, and privacy for both owners and tenants. These thoughtfully designed units offer low-maintenance living and strong rental appeal, making this an excellent addition to any investment portfolio. Ideally situated within walking distance of Wellington's many conveniences, you'll enjoy easy access to the Co-op grocery store, Credit Union, Access PEI, PEI Liquor, Esso, and the scenic Confederation Trail.

Just a 5-minute drive away, Abram Village offers even more community amenities, including the recreation center/hockey arena, and a fully equipped fitness center. And only a 20-minute drive to your nearest city of Summerside. Whether you're looking to expand your investment portfolio, live in one unit while the others help pay your mortgage, or add a quality income-producing property to your holdings, opportunities like this are rare.

Combining excellent cash-flow potential with an unbeatable location and desirable unit features, this fourplex is an exceptional opportunity you won't want to miss.

Property summary

MLS® number
202618795
Property type
Multi-family
Building type
Fourplex
Title
Freehold
Land size
0.96 acres
Built in
2011
Annual property taxes
$10,234.70
Parking
Parking Space(s), Shared
Days on market
52 days

Features & details

Heating
In Floor Heating, Electric, Wall Mounted Heat Pump
Basement
None
Flooring
Laminate, Vinyl
Appliances
Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Combo
Exterior features
Vinyl
Community features
School Bus

What would this home cost you?

Based on the $795,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,699 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of ELITE REAL ESTATE ADVISORS INC., Charlottetown.

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.