Crapaud, Prince Edward Island

7-Unit Income Property in Crapaud, PEI ? High-Yield Opportunity. With a potential 8-10% cap rate Investment Highlights -Strong Rental Demand PEI?s rental market is one of Canada?s tightest, with a 1.1% vacancy rate ensuring consistent tenant demand. -Current Income: Four updated units generating $58,992 annually at market rents, with two additional units at below-market rents offering immediate upside potential. -Renovation Opportunity: One gutted unit ready for renovation, projected to yield $1,200/month at market rates upon completion, boosting total income to ~$80,000-$100,000/year. - Net Operating Income (NOI): Current NOI of $28,649 (2024 financials: $58,992 income, $30,343 expenses), with potential for 8-10% cap rate post-renovation. - Recent Upgrades: Modernized with weeping tile, basement drainage, heat pumps, and a new roof, reducing future maintenance costs. - Spacious Lot: 1.1 acres offers potential for future development or expansion (subject to zoning). - Historic Charm: The Howatt House, an architectural gem, adds unique appeal for tenants and investors. Property Details - Unit Breakdown: - 4 Updated Units: Fully renovated, leased at market rents ($880, $978, $978, $1000/month) -Units 1, 3, 4, 5, and 6 are eligible for the 2025 annual rent increase. - 2 Unrenovated Units: Below-market rents, (currently $539,$550) ideal for value-add upgrades to reach $1,200-$1,500/month each. - 1 Gutted Unit: Ready for renovation, with contractor estimates of $25,000-$35,000 to complete, unlocking $1,200/month in additional rent. - Financial Snapshot: - Current Annual Income: $58,992 (6 units) - Annual Expenses: $30,343 (utilities, taxes, maintenance) - Projected Income Post-Renovation: $30,000 (7 units at market rents) - Location Benefits: Crapaud offers a peaceful, rural setting just 30 minutes from Charlottetown, ideal for tenants seeking affordability and tranquility. Close to schools, local shops, and South Shore beaches. (id:11866)

St. Nicholas, Prince Edward Island

Welcome to 80 Stacy Lane in the beautiful Sunburn Cove Estates of St. Nicolas, PEI! This stunning home, with about 3,400 square feet of space, is a true gem that combines luxury and comfort while offering breathtaking views of the iconic Confederation Bridge. As you step inside, you?ll be greeted by a spacious living area featuring custom ceilings that add a touch of elegance and charm. The heart of the home is the custom kitchen, perfectly designed for those who love to cook and entertain, complete with modern appliances and a unique indoor/outdoor cooking area that?s perfect for summer gatherings. With four generous bedrooms, including a master suite that feels like a private retreat, there?s plenty of space for family and friends. Outside, you'll find a beautifully landscaped yard that's perfect for enjoying the fresh air and stunning views. Living here means embracing a lifestyle filled with swimming, fishing, and kayaking?all just a stone?s throw away. Plus, you?re only about 20 minutes from the bustling city of Summerside, making it easy to enjoy both the tranquility of this serene neighborhood and the conveniences of urban life. Don?t miss out on the chance to call 80 Stacy Lane your home?where beautiful views and a wonderful lifestyle come together perfectly! (id:11866)

St. Nicholas, Prince Edward Island

(VIDEO - Click on the Multi-Media Link) Welcome to Sunbury Cove Estates ? Prince Edward Island?s premier waterfront community, where nature?s beauty meets modern convenience. This spectacular 1.15 acre lot offers unobstructed panoramic views of the Northumberland Strait, the iconic Confederation Bridge, and two picturesque lighthouses. Just minutes from Summerside and a short drive to Charlottetown, you?ll enjoy year-round access via government-maintained Strang Road and private Stacy Lane. Sunbury Cove is renowned for its pristine red sandy beaches, warm waters (the warmest north of the Carolinas!), and unforgettable sunsets. Imagine strolling along designated beach access trails, exploring expansive sandbars at low tide, or watching the sky blaze orange from 500 feet offshore. This lot is perfectly suited for a year-round residence, summer retreat, or retirement getaway. The subdivision features underground utilities, high-speed internet, and protective covenants to maintain property values. On-site staff manage snow removal and lawn care so you can focus on kayaking, swimming, or simply unwinding under PEI?s starry skies. Located in a vibrant yet peaceful area, you?re close to festivals, golf courses, boardwalks, and all the amenities of small-town island life. Build your dream home today and start living the waterfront lifestyle you deserve. (id:11866)

Charlottetown, Prince Edward Island

Enjoy peace of mind with this thoughtfully updated home, featuring modern systems and recent improvements. Efficient heating is provided by two heat pumps on the main floor (2014 and basement with an oil furnace for back up (oil tank replaced in 2011). The electric hot water heater was installed in 2023. Most windows and doors were replaced between 2000 and 2015, offering improved energy efficiency. The roof was partially replaced around 2014, and the driveway was professionally repaved in 2021. Affordable utilities with 2024 electricity costs totalling $1,485 and oil heating costs $1,394. (id:11866)

New Glasgow, Prince Edward Island

Welcome to 371 Route 258, New Glasgow, PEI, a beautiful contemporary retreat nestled on nearly an acre of scenic land overlooking the breathtaking New Glasgow River. This charming home, just five years young, offers modern comfort combined with stunning natural beauty. Step inside to discover three spacious bedrooms and two generous bathrooms, all designed with style and functionality in mind. The open-concept kitchen and living area invites you to gather and relax, featuring an eye-catching floor-to-ceiling fireplace that adds warmth and character. From here, enjoy seamless outdoor living on the large walk-out balcony, where you can soak in the spectacular, ever-changing river views, truly a place to make lifelong memories. The double, heated garage provides ample storage space, including a versatile three-unit stainless steel ?Maximum? work area, perfect for hobbyists and handymen alike. For ultimate relaxation, retreat to the private, wood-screened patio in the backyard. Here, you can unwind in the hot tub, gather around the fire pit, and enjoy peaceful county vistas in your own private oasis. Currently, this home is a highly sought-after high-end Airbnb rental during the summer months, furnished with stunning, tasteful decor that is included in the sale, along with the hot tub, making this property a fantastic investment opportunity as well as a cozy family home. Located just moments from the renowned PEI Preserve Company, New Glasgow Lobster Suppers, Glasgow Hills Golf Course, and only five minutes from North Rustico and Cavendish, this home offers the perfect blend of tranquility and convenience. The vibrant city of Charlottetown is just a 15-minute drive away, providing easy access to shopping, dining, and cultural experiences. Don?t miss your chance to own this exceptional modern home with impeccable finishes throughout, a true sanctuary that combines comfort, style, and an unbeatable location. (id:11866)

Derby, Prince Edward Island

Large building lot located on Beaton Road in Derby only minutes away from the beach in Brae Harbour. This 2.5 acre lot has over 300 feet of road frontage with an existing driveway. This could be a great place for a home, cottage, or a place to park your camper for the season. The town of O'Leary is only 10 minutes away and provides all available necessities such as a hospital, shopping, banking, and much more. The lot is mainly cleared and surrounded by government property on three sides to ensure your privacy. It is well worth a look. (id:11866)

Brackley Beach, Prince Edward Island

An exceptional opportunity awaits in one of Prince Edward Island's most vibrant and scenic regions. This turnkey rental property offers a rare blend of stability, flexibility, and growth potential, ideal for seasoned investors or aspiring business owners alike. Perfectly situated just a short drive from Brackley Beach, Charlottetown, and the airport, the location provides both convenience and appeal for year-round tenants or seasonal guests. Set on over 3.5 acres of beautifully maintained land, this income-generating property features seven fully winterized rental units: a combination of two duplexes, three detached cottages, and a dedicated on-site office. The presence of the on-site office adds a valuable layer of functionality, providing space for day to day operations, guest check-ins, administrative tasks, or even additional service offerings that enhance the guest experience and streamline property management. Modern amenities such as coin-operated laundry, a children's play area adds to the appeal, making it a top choice for families, professionals, or tourists. With three of the cottages constructed within the last seven years, the site enjoys premium rental rates and low maintenance demands. The expansive lot also offers space for future development, providing a unique chance to scale your investment. Whether you're looking to grow your real estate holdings or step into a profitable, lifestyle-oriented venture, this property delivers value, location and opportunity all in one. (id:11866)

Souris, Prince Edward Island

Welcome to this unique and spacious commercial property offering over 4,000 sq. ft. of versatile space in the vibrant core of Souris, PEI. Formerly a church, this building is filled with character and possibility, making it ideal for a variety of business ventures, community initiatives, or creative redevelopment. Step through the main entrance into a spacious foyer, where double doors lead into the expansive main floor. This level features wide open space, soaring ceilings, a raised platform perfect for a stage or presentation area, a half bath, and additional storage - providing endless potential for event hosting, retail, performance space, or office conversion. Down the wide staircase, the lower level offers an equally open and adaptable layout. It includes two half bathrooms, a kitchen area with open pass-throughs to the main space, and plenty of room for gathering, workspaces, or further development. With its prime location, architectural charm, and flexible layout, this property is a rare find with unlimited potential. All measurements are approximate and should be verified by interested purchasers. (id:11866)

Albany, Prince Edward Island

Nestled on a serene 3-acre lot in picturesque Albany, this beautiful two-storey country home offers the perfect blend of rural charm and modern comfort. Surrounded by mature trees and lush landscaping, the property welcomes you with a long driveway leading to a spacious double car garage and a well-maintained front yard. Inside, the home features three generously sized bedrooms, offering plenty of space for family living or entertaining guests. The Main level boasts an inviting open-concept living and dining area with large windows that fill the space with natural light and provide scenic views of the surrounding greenery. A cozy, country style kitchen opens onto the Back deck perfect for summer barbeques or quiet morning coffees. Upstairs, the bedrooms are bright and peaceful with ample closet space and views of the surrounding countryside. The Primary bedroom includes a walk-in closet, and an en-suite bath creating a private retreat. (id:11866)

West Covehead, Prince Edward Island

Prime One-Acre Lot ? Minutes from Charlottetown & PEI?s Best Beaches! Don?t miss this incredible opportunity to own a spacious one-acre lot located just 15 minutes from Charlottetown in a quiet, surveyed subdivision on a private road. Perfectly situated for both privacy and convenience, this property is only minutes away from Brackley Beach, Stanhope Golf Course, and a variety of shops and restaurants. Whether you?re looking to build your dream home or a peaceful cottage retreat, this lot offers the ideal blend of country tranquility and easy access to Island amenities. Surrounded by natural beauty and close to some of PEI?s most beloved attractions, this is the perfect spot to settle down or escape to. At such a reasonable price, this gem won?t last long. Secure your slice of Island paradise today! Property taxes are presently based on a non-resident. (id:11866)

Cape Traverse, Prince Edward Island

If you love the beach, swimming, peace and quiet, and a well-kept neighbourhood-this lot checks all the boxes. Welcome to Lot 41 Campbells Way, a 1.43-acre building lot just one row back from the waterfront. A short stroll down the nearby path puts you right on the sandy South Shore beach, where the waters are warm and the views of the Confederation Bridge are picture perfect. This lot is construction-ready with over 200 loads of fill already in place. It?s been surveyed, pinned, and is ideal for your dream home, seasonal retreat, or investment property. Located in a private subdivision with covenants to protect long-term value. With quick access to the community of Borden, and just 20 minutes to Summerside or 35 to Charlottetown. (id:11866)

Summerside, Prince Edward Island

Welcome to 160 Spring Street ? a beautifully restored Victorian treasure built in 1901 by Norman Wright as a timeless tribute to his beloved wife, Tillie. This enchanting Queen Anne-style home, perched gracefully on the northwest corner of Spring and Pleasant Streets, seamlessly blends historic grandeur with modern sophistication. Step into this 123-year-old architectural masterpiece and experience an eclectic mix of textures, shapes, and charm that define the Queen Anne style. The exterior features a harmonious blend of classic clapboard and cedar shingles, crowned by a striking conical tower at the southeast corner. A sun-drenched front porch and inviting sunroom offer idyllic spaces to unwind and watch the world go by. Every inch of this home has been lovingly restored with care and precision. The updated siding preserves its historic character while adding durability, and the newly remodeled kitchen and bathrooms bring a touch of contemporary luxury to the classic design. Inside, original details meet modern convenience. The fully insulated basement, attic, and walls ensure year-round comfort, while a full Google Smart Home system?including a Nest Thermostat and smart switches throughout?offers intuitive, effortless living. The attention to detail continues outdoors, where a breathtaking Victorian garden has been revived to its original splendor. Meandering boardwalks, elegant trellises, and a newly paved driveway and patio provide the perfect setting for entertaining or simply enjoying a peaceful afternoon. In spring, the garden comes alive in a kaleidoscope of colors, creating a picturesque and serene retreat. Cozy swings nestled within the garden offer a tranquil perch to relax and take in the beauty around you. 160 Spring Street is more than just a house?it?s a storybook home where history and innovation intertwine. A place where every detail whispers of the past, while inviting you to create unforgettable memories in the present. (id:11866)