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. 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. 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 that owns this building.

For further information contact:
Nicolle Morrison

Property Information:

Listing ID#: 201707140
# Floors:
Heating: Electric
Fire Protection:
Parking: Yes
Land: acre(s)1.14
Area: (sq. ft.)
Gross Revenue:
Total Expenses: $
Net Income: $

* All financial information given on this site is based on our best knowledge at the time of posting and should not be relied upon when determining cost or affordability of a particular property. You should consult your financial institution before making any undertaking that would be legally binding. All financial postings on this site are based on 5% downpayment. Please note that to purchase real estate with 5% down you will need to be able to obtain mortgage insurance which is not available in all cases. Monthly payments are based on the best posted mortgage rates from a Canadian chartered bank. You will be required to qualify for a mortage. Financial institutions have different means of qualifying you. You should contact your bank to determine if your income qualifies you to purchase the property that you are interested in. Financial information posted here does not take into consideration additional fees that may apply in your situation.

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NICOLLE MORRISON, Century21 Northumberland Realty
Call: 902-436-2265 or Email: nicolle@century21pei.com