176 Cape Bear Road, Murray River, Prince Edward Island C0A 1W0

Listed for:
$399,000
0 beds
0 baths
Listed 72 days ago
Duplex for rent: 176 Cape Bear Road, Murray River, Prince Edward Island C0A 1W0

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Learn more about this property
Listing provided by:
PROVINCIAL REALTY
MLS® number:
202501131
Agent:
Cheryl Burns
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About

Well built, well maintained and extensively renovated, this solid duplex offers low maintenance and a high return on your investment. Offering potential for a 9% Cap Rate this property is worth exploring. Situated on a beautiful big lot with a circular driveway in the heart of Murray River, this property offers two separate homes, each offering 3 bedrooms and one full bath. Previous tenants paid $1,812.34 for the 2nd floor unit and $2,000.00 for the main floor. Tenants pay their own utilities. Building is currently vacant allowing new owners to choose their own Tenants and secure market rents with this strong rental history. Many renovations have taken place over the past few years, including new metal roof in December 2024, Heat Pumps, Radiator & Convect Air Heaters installed, upgraded Electrical including separate panels for each unit and sub panel, 2 new 60 gallon Hot Water Tanks, all new recessed lighting and both units freshly painted. This property is ready to go and checks all the boxes for a smart investment. (id:27476)

Property Highlights

MLS® Number
202501131
Type
Multi-family
Community Name
Murray River
Ownership Type
Freehold
Land Size
0.8800|1/2 - 1 acre

Building

Building Type
Duplex
Storeys
2.00
Amenities
Park, Playground, Recreation, Marina
Exterior Finish
Wood shingles
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Wall Mounted Heat Pump
Heating Fuel
Electric
Building Cooling Type

Utilities

Water
Drilled Well
Utility Sewer
Septic System

Location