70 Spring & 247 Church Street|247 Church St., Summerside, Prince Edward Island C1N 3E4

Listed for:
$750,000
0 beds
0 baths
Listed 224 days ago
Apartment for rent: 70 Spring & 247 Church Street|247 Church St., Summerside, Prince Edward Island C1N 3E4

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Listing provided by:
RED- ISLE REALTY INC.
MLS® number:
202311256
Agent:
Greg Dawson
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About

Take Water street to spring head north to church buildings are on the north west corner of the intersection. Located in a mature, quiet neighborhood within walking distance to most amenities. These character buildings border on the beautiful Wyatt Hetitage city park. Partial brick home in good condition with lots of character and with original woodwork inside. You could easily live in the 2 story home and continue renting the 6 unit next door at 247 Church to subsidize your income or mortgage. Units on main floor and second floor are quite large with alot of character. Several units have decks which overlook the park. All units currently occupied on a month to month with heat, electricity and TV included for most units. . Each of the units are separately metered for electricity if you choose to want the tenants to pay their own expenses. Two buildings to be sold as a package. The current owner has had the buildings for about 8 years and has done many upgrades including new roofs and new Propane hot water boiler. Very easy buildings to operate and are well maintained with excellent occupancy. Minimum of 24 hours notice to view. (id:27476)

Property Highlights

Type
Apartment
Cooling type
Heating fuel
Oil, Propane
Fireplace
No
Construction material
Vinyl
Parking space
Ownership Type
Freehold
Amenities nearby
Park, Playground, Public Transit, Recreation, Shopping, Marina

Location

Summary

This property is situated in a mature and peaceful neighborhood, with convenient access to various amenities such as parks, playgrounds, public transit, recreational facilities, shopping areas, and a marina.

It is a freehold property, featuring a partially brick home in good condition, boasting original woodwork and plenty of character. The property is located adjacent to the picturesque Wyatt Heritage city park, offering a serene and scenic environment.

The property consists of a two-story home and a neighboring 6-unit building at 247 Church, providing the option to live in one and rent out the other to generate additional income or offset mortgage expenses. The units are spacious and full of character, with some featuring decks that overlook the park. Currently, all units are occupied on a month-to-month basis, with most utilities included. However, there is also the option to have tenants pay for their own electricity expenses as each unit is separately metered.

Both buildings are being sold as a package and have been well-maintained by the current owner, who has made numerous upgrades including new roofs and a propane hot water boiler. The buildings are easy to operate and have a high occupancy rate. A minimum of 24 hours notice is required for viewings.

The property is for sale and features a land size of under 1/2 acre, with various land amenities nearby including parks, playgrounds, public transit, recreational facilities, shopping areas, and a marina. It is located on 70 Spring & 247 Church Street in the city of Summerside, Prince Edward Island, with a postal code of C1N3E4.

The building exterior is finished with vinyl, and it utilizes oil and propane as heating fuels, with a hot water and radiator heating system. The property consists of 2 stories and is classified as an apartment type.