LOADING

43 King Street Summerside, Prince Edward Island C1N 2T1

4 Bedroom 3 Bathroom
Air Exchanger Baseboard Heaters, Wall Mounted Heat Pump Landscaped

$440,000

This 2 unit property boasts a 7.7% cap rate and Cash on Cash ROI of 9.5%. Very solid revenue potential in a great downtown location. This meticulously maintained property has been updated from top to bottom, side to side, inside & out, in recent years. It is just like new. Rebuilt from the ground up with ICF foundation, siding, windows, doors, roof, insulation, wiring, plumbing, cabinets, paint, flooring and the list goes on. It will require next to nothing for many years to come. Centrally located, tenants will enjoy the short walk to amenities, schools, downtown & the gorgeous Summerside waterfront & boardwalk. Inside we find a very spacious and inviting layout on the main floor as we enter the chef's kitchen with an abundance of counter space & cupboards galore. The kitchen flows into a gorgeous and bright dining room, perfect for hosting large get togethers or an intimate dinner for two. The spacious living room and separate sitting area at the bottom of the stairs complete the main floor with charm and grace. Upstairs we find 3 good sized bedrooms and second full bath. The heat pumps on each level ensure year round comfort throughout! The private entrance to the basement suit is located through the backyard, and offers a separate parking space as well. This fully functional 1 bedroom unit is tasteful and will maximize revenue, being located in this thriving community. Complete with dishwasher, full bath and in-suite laundry, this space is completely self sufficient and ready for tenants. Rounding out this offering are the fenced backyard and detached 1.5 car garage. Savvy investors will know, this property is not to be overlooked. Ask your agent for a copy of the pro forma. (id:56197)

Property Details

MLS® Number 202425957
Property Type Single Family
Community Name Summerside
Amenities Near By Golf Course, Park, Playground, Public Transit, Shopping
Community Features Recreational Facilities, School Bus
Structure Deck, Shed

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Appliances Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
Basement Development Finished
Basement Features Walk Out
Basement Type Full (finished)
Constructed Date 2024
Cooling Type Air Exchanger
Exterior Finish Vinyl
Flooring Type Engineered Hardwood, Laminate, Tile, Vinyl
Foundation Type Poured Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters, Wall Mounted Heat Pump
Total Finished Area 2470 Sqft
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage
Gravel

Land

Access Type Year-round Access
Acreage No
Land Amenities Golf Course, Park, Playground, Public Transit, Shopping
Land Disposition Cleared
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 0.138
Size Total 0.138 Ac|under 1/2 Acre
Size Total Text 0.138 Ac|under 1/2 Acre

Rooms

Level Type Dimensions
Second Level Primary Bedroom 18.6 X 10.3
Second Level Bath (# Pieces 1-6) 5. X 7.6
Second Level Bedroom 13. X 10.3
Second Level Bedroom 10. X 10.9
Lower Level Kitchen 11. X 22.8
Lower Level Living Room combined
Lower Level Dining Room combined
Lower Level Bedroom 8.10 X 14.6
Lower Level Bath (# Pieces 1-6) 5.6 X 6.8
Main Level Kitchen 12.8 X 13.6
Main Level Dining Room 11.6 X 11.2
Main Level Living Room 12.8 X 13.
Main Level Porch 5.5 X 6.7
Main Level Sunroom 5.7 X 9.10 + 10. X 13.
Main Level Bath (# Pieces 1-6) 6. X 8.

https://www.realtor.ca/real-estate/27613285/43-king-street-summerside-summerside


ROYAL LEPAGE PRINCE EDWARD REALTY
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E 3J3

(902) 628-6500
royallepagepei.ca/

Interested?

Contact us for more information


Generating Captcha

Your Favourites

 

No Favourites Found