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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:30476)

Open House

This property has open houses!

December
8
Sunday
Starts at:

1:00 pm

Ends at:

3:00 pm

Property Details

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

Building

BathroomTotal 3
BedroomsAboveGround 3
BedroomsBelowGround 1
BedroomsTotal 4
Appliances Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
BasementDevelopment Finished
BasementFeatures Walk Out
BasementType Full (finished)
ConstructedDate 2024
CoolingType Air Exchanger
ExteriorFinish Vinyl
FlooringType Engineered Hardwood, Laminate, Tile, Vinyl
FoundationType Poured Concrete
HeatingFuel Electric
HeatingType Baseboard Heaters, Wall Mounted Heat Pump
TotalFinishedArea 2470 Sqft
Type Duplex
UtilityWater Municipal Water

Parking

Detached Garage
Gravel

Land

AccessType Year-round Access
Acreage No
LandAmenities Golf Course, Park, Playground, Public Transit, Shopping
LandDisposition Cleared
LandscapeFeatures Landscaped
Sewer Municipal Sewage System
SizeIrregular 0.138
SizeTotal 0.138 Ac|under 1/2 Acre
SizeTotalText 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

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Steve Nabuurs


Royal LePage Prince Edward Realty
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E 3J3