Keith MacLean

Sales Representative

Cell: 902-940-7151
Office: 902-892-2000

Property Details

18 Lady Slipper Drive, Miscouche Prince Edward Island, C0B1T0

18 Lady Slipper Drive, Miscouche Prince Edward Island
Representative
Keith MacLean portrait
Keith MacLean
Sales Representative
RE/MAX CHARLOTTETOWN REALTY Brokerage
Cell: 902-940-7151
Tel: 902-892-2000

$1,200,000 - For sale

MLS®:201707385

Prince Edward Island, Canada 11-Unit Multi-Family Residential Apartment Building for sale with ideal senior tenants and super energy efficient state of the art Geo-Thermal heating system. This ultra modern low maintenance one-level structure has everything a senior citizen would want in a building including a sense of community, a common room for local gatherings and special events, and a large storage room. This ideal building has never seen a vacancy since it was built for more then a few hours, and there is always a waiting list. Many of the tenants have been in the building since it was constructed in 1996 by a very well respected and quality builder. The structure is very high-quality and features a Geo-Thermal Heating system with two commercial heat pumps (recently rebuilt) and an oil-fired furnace (maintained yearly) for backup in extremely cold months (last year only $364 of fuel was used). Each unit is two bedrooms on one level with a single bay garage, back yard clothes line, washer, dryer, fridge, and stove. Units are very well maintained and there is virtually no differed maintenance. Many floors, sinks, bathroom taps, and more have been replaced recently. Rents are below market, and there is substantial upside to increasing rental income, as well as potential expansion possibilities. A complete management team is in place for snow removal, landscaping, grass cutting, and the very little maintenance the building requires. A professional property management company is also available for a completely turn key solution for the discriminating professional investor. There could be a potential for other real estate assets to be sold as a package with this property. A formal AACI commercial appraisal, PCDS, and Income and Expense have been attached for your convenience. No showings until potential purchaser approves financials, and puts forth proof of financial capability to showing agent. The listing agent is a shareholder in the holding company

Virtual Tour Property Details
  • Property Type:Multi-family
  • Acreage:1 - 3 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Well
Structure Details
  • Structure Style:Multi-Family
  • Building Age:1996
  • Exterior Type:Vinyl
Representative
Keith MacLean portrait
Keith MacLean
Sales Representative
RE/MAX CHARLOTTETOWN REALTY Brokerage
Cell: 902-940-7151
Tel: 902-892-2000
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18 Lady Slipper Drive, Miscouche, Prince Edward Island

$1,200,000 - For sale

Prince Edward Island, Canada 11-Unit Multi-Family Residential Apartment Building for sale with ideal senior tenants and super energy efficient state of the art Geo-Thermal heating system. This ultra modern low maintenance one-level structure has everything a senior citizen would want in a building including a sense of community, a common room for local gatherings and special events, and a large storage room. This ideal building...

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