6948 Rustico, North Rustico, Prince Edward Island C0A 1N0

Excellent income opportunity - year round or seasonal rentals! This 6 unit, fully furnished property currently operating as a seasonal business consists of 1 - 4BR winterized house, 2 duplex units; each with a 1BR and a 2BR unit and a standalone 3BR chalet. Continue to operate seasonally, with PEI's lucrative tourism based short term rental market, or, decide to rent as long term rentals. The main house has a newly installed propane forced air furnace, new water heater with other recent updates including: roof, 200 amp panel and 5' deep, heated in-ground pool. The other units are also insulated and heated and would only require some skirting insulation and minor additions to be winter ready! Fantastic opportunity to live in the heart of PEI's North Shore Communitiy while earning an income at the same time! (id:27476)

This property is being offered as a Freehold, providing the owner with full ownership rights.

An incredible opportunity for generating income is presented by this fully furnished 6-unit property, which is currently being operated as a seasonal business. The property consists of a 4-bedroom winterized house, two duplex units (each with 1-bedroom and 2-bedroom units), and a standalone 3-bedroom chalet. The property can continue to be operated seasonally, taking advantage of PEI's thriving tourism-based short-term rental market, or it can be transitioned into long-term rentals. The main house features a newly installed propane forced air furnace, a new water heater, and recent updates such as a new roof, a 200 amp panel, and a 5' deep heated in-ground pool. The other units are also insulated and heated, requiring only minor additions and skirting insulation to be winter-ready. This presents an excellent opportunity to reside in the heart of PEI's North Shore Community while simultaneously earning an income.

This property is currently listed for sale and offers a land size ranging from 1 to 3 acres. It is situated at 6948 Rustico Street in the city of North Rustico, Prince Edward Island, with a postal code of C0A1N0. The building exterior is finished with wood siding, and it utilizes electric, oil, and propane as heating fuels. The heating system includes baseboard heaters, forced air, furnace, hot water, and radiant heat. The property is classified as an apartment.