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Renanza Realty
For sale

5 Gerald Lane

Mill River East, Prince Edward Island

MLS® 202610652

$949,000

Status
Active
Property type
House
MLS® number
202610652
Bedrooms
6
Bathrooms
3
Year built
2015

Listing description

An amazing executive waterfront home with a lower level waterfront 4+star 3 bedroom air bb rental. A extraordinary home that features an open floor plan with a large custom kitchen equipped with all the modern conveniences, elegant cabinets, Quartz countertops, stainless steel appliances, grand Island and large hideaway cabinets for smaller appliances. The beautiful floor plan allows the open concept kitchen dining and living room to flow seamlessly onto a large back terrace, overlooking the breathtaking views of Mill River.

One can walk out to the back terrace from the dining room, the bright living room and from the master bedroom. The king-size master bedroom has a large ensuite with ceramic tile shower and separate soaker tub and an oversized walk-in closet. There is also 2 other beautiful bedrooms, half bath and laundry area on the main level.

The lower level is ground level it? s nice and bright and fresh and is quiet and just as amazing as the upper floor with three walkouts and is fully finished with a second kitchen, dining, living room, 3 bedrooms and an oversized laundry room. The lower level is used for Air BB and is currently rated #1 in Western PEI and it is booked year-round.

Many possibilities here to remain with additional income or use as an in-law suite. The backyard features also a storage building for kayaks, toys, etc. Also there is a a screened in cedar gazebo equipped with sitting area and bar that has been used for wedding receptions.

The backyard features accessible stairs down to the water and floating dock. The exterior of the home is finished with solid PVC siding from Nova Scotia, Royal Select with a lifetime warranty. Home has a steel roof.

This home was built with the very best products & materials to maximize in quality and comfort! The living space on the main level is 1950 sf and downstairs it? s 1959.

The double car heated garage is 25x23 with 12 ft ceilings.

Property summary

MLS® number
202610652
Property type
Single Family
Building type
House
Title
Freehold
Land size
0.54 acres
Built in
2015
Parking
Attached Garage, Parking Space(s), Concrete, Heated Garage
Days on market
107 days

Features & details

Heating
Radiant heat, In Floor Heating, Oil, Electric, Wall Mounted Heat Pump, Furnace
Cooling
Air exchanger
Flooring
Engineered hardwood, Ceramic Tile
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Exterior features
Vinyl
Lot features
Sloping, Wheelchair access, Balcony
Community features
School Bus, Recreational Facilities
View
River view
Waterfront
Waterfront

What would this home cost you?

Based on the $949,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$4,416 /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 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.