20-28 Miah Drive Cornwall, Prince Edward Island C0A 1H3
$3,400,000
Exceptional investment opportunity in a rapidly growing and sought-after Cornwall neighbourhood! Nestled within this thriving locale are meticulously maintained 12 units, distributed across two separate buildings. Each building has five two-bedroom units and one one-bedroom unit. These units produce positive cash flow and consistent full occupancy, complemented by an impressive tenant history. These turn-key units are equipped with modern amenities including fridge, stove, microwave, dishwasher, washer, dryer, and heat pump ensuite, cater perfectly to prospective tenants' desires. The recent addition of solar panels enhances energy efficiency and contributes to low operating costs. Even more enticing, a qualified Buyer has the option to assume the existing mortgage at a preferred lower interest rate, with approximately 2 and half years left on the term. Ideal for astute investors looking to expand their portfolio, call today! HST to be determined by individual basis. Note: Listing agent is related to the seller. (id:53658)
Property Details
| MLS® Number | 202403163 |
| Property Type | Multi-family |
| Community Name | Cornwall |
| Amenities Near By | Park, Playground, Public Transit, Recreation, Shopping |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Balcony |
| Rental Equipment Type | None |
Building
| Amenities | Cable Tv |
| Appliances | Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator, Intercom |
| Basement Type | None |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted, Ceramic Tile, Laminate |
| Foundation Type | Concrete Slab |
| Heating Fuel | Electric, Solar |
| Heating Type | Wall Mounted Heat Pump, Radiant Heat |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Public Transit, Recreation, Shopping |
| Sewer | Municipal Sewage System |
| Size Total Text | 1 - 3 Acres |
| Zoning Type | Multi-family |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 21 2024 08:13:56
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty
