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WENDY & JESSICA FLEMMING PEI Real Estate

Cornwall (Prince Edward Island, CA - C0A1H0)
$585,000 CAD NEWER 4 PLEX SEMI-D's


"Fully rented 4 plex in Cornwall" 
Remax Charlottetown
3J Enterprise


Wendy & Jessica Flemming
902-629-0030(Business)
902-393-5281(Cell)
902-892-2160(Fax)


 
Details

Address: 43,45,47,49 Lowther Dr
Type: Residential
Style:  Single Story
Development Level: Built
Bedrooms: 61 "2 Bdrm Units+ garage"
Bathrooms: 1 "1 Lg Bath per unit"
Garage: Single "1 Garage per unit heated"
Basement: No "Slab"
Size: 5,059 sq. ft.
Lot Type: Rectangular
Lot Size:  0.46acres 
Year Built: 2009 "4 separate units"
Taxes: $8,857.72 CAD (2017)
 
Description

Top quality 8 yr old well constructed 4 PLEX, (4 semi detached homes with garages.) Units are fully wheel chair accessible, built on a heated slab, perfect for the retiree and professional rental market or small family. All units have concrete dividing walls, separate electric infloor heating, & electric. Each unit has upgraded custom hardwood kitchens, 3 SS kitchen appliances & a stackable laundry set in each unit. There is a skylight in the Living rooms, extra large 2 bedrooms & walk in closet in the master Bdrm. Large bath, a nice front veranda & a back deck, in floor heat, heated garages with a large storage closet. The flooring is ceramic tile thru out with dark laminate in the bedrooms. Building has been built on a frost wall, with an insulated slab making each semi home very economical to heat. Roof is 35 Yr roof. Building is fully rented, never a vacancy since it was built. Building was quality built to last as a rental for the builder who currently owns it. Good Cornwall location walk to Churchs, Community Centre, Apm Sports center, Library, Rink, schools, gym & more. Just 5 min to Ch'town. All the tents are either retirees or Professional Couples. Units are in like new condition. Not many buildings for sale like this one, and units are in demand to rent.

INCOME & EXPENSES:
Tax Assessment: $484,200.00
Property Taxes: $8857.42 Yr
Insurance is approx $1000 Year.
Water and Sewer to Town Cornwall is approx $300 quarterly.

RENTS:
$900.00 ( This unit has the owners retired Inlaw living here at a considerable discount) NOTE: This unit will rent for $1100 - month when it sells and he parents move out, as it's an end unit.
Other 3 unit rents are: $1100.00, $975.00, $918.00 . The tenants pay their own Utilities including heat, hot Water, snow removal. Owner does the grass himself.
As each unit re-rents, the rents will all be increased to $1100 per month unheated

All measurements are approx. and should be verified by purchaser if deemed important. Turn left onto John Street from lights on TCH, then your first left onto Lowther Drive toward top where the newer semis homes are located. Exclusive Remax Listing. Need min 24 Hr notice to view contact listing realtor only.
 
Features
Interior Features
 Laundry Room  Skylights  Vaulted Ceiling
Heating
 Central Electric
Exterior Finish
 Frame  Siding  Vinyl
Sewer/Water Systems
 Public  Water District
Roof
 Asphalt
Lot Features
 Cul-de-sac  Deck  Front Porch
 Garage  Garden Area  Lawn
Appliances
 Dishwasher  Dryer  Hood Fan
 Microwave  Refrigerator  Stove
 Washer
Extra Features
 Garage Door Opener  High Speed Internet Available  Pets Allowed
 Public Transportation  Wheelchair Access
P2#2130191

Information is deemed to be correct but not guaranteed.

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