91 Central Street Summerside, Prince Edward Island C1N 3L2
$849,900
Amazing opportunity to own a gorgeous century home with original character & charm and outfitted with all the modern conveniences for an efficient, profitable multi-unit business. This property truly has it all. Purchased in 2020, this home went through one full year of renovations, to create this beautiful, restored gem that is nestled in the heart of Summerside. Sweeping staircases, original trim, and soaring ceilings, this property reflects pride of ownership as well as a 7% cap rate. Offering 4 ? 2 bedroom units, one with 1.5 baths, all with full fire break walls, sound remediation. high efficiency Heat Pumps & Convect Air Heaters and Separate Hot Water Tanks. Each unit is large, bright, self contained and more beautiful then the last. All Tenants pay their own utilities except for Unit #1, which is currently furnished & leased to travelling nurses. Custom kitchens were installed in 3 of the units and all units have new appliances including, Fridge, Stove, Stackable Washer, Dryer, Dishwasher & OTR Microwaves. Egress windows were installed, where needed, Full Electrical upgrade for 200 AMP service, hardwood floors were refinished, Deck was levelled & repaired and Greenfoot Spray Foam insulation was added to the entire foundation. These are just a few of the renovations, see attached for full list. The building is gorgeous and so are the tenants. All tenants have been carefully selected by the Owner, all have a deep appreciation for the building and the work completed & all wish to stay on when the building changes hands and all pay market rents. Ideal location for your tenants, walk to all the best Summerside has to offer & enjoy the revitalization of this amazing City. If you are seeking a maintenance free investment, a solid updated building with amazing tenants in a prime city location, 91 Central is the perfect property. (id:56351)
Property Details
| MLS® Number | 202422037 |
| Property Type | Multi-family |
| Community Name | Summerside |
| AmenitiesNearBy | Park, Playground, Recreation, Shopping, Marina |
| EquipmentType | None |
| RentalEquipmentType | None |
Building
| Appliances | Stove, Dishwasher, Washer/dryer Combo, Microwave Range Hood Combo, Refrigerator |
| ConstructedDate | 1936 |
| ExteriorFinish | Stone, Vinyl |
| FlooringType | Carpeted, Ceramic Tile, Hardwood |
| FoundationType | Stone |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters, Wall Mounted Heat Pump |
| StoriesTotal | 3 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Park, Playground, Recreation, Shopping, Marina |
| Sewer | Municipal Sewage System |
| SizeIrregular | 0.21 |
| SizeTotal | 0.2100|under 1/2 Acre |
| SizeTotalText | 0.2100|under 1/2 Acre |
| ZoningType | Multi-family |
https://www.realtor.ca/real-estate/27404077/91-central-street-summerside-summerside
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September 17 2024 02:24:37
Prince Edward Island Real Estate Association
Provincial Realty