Income Potential Meets Prime Location with a cap rate of 7.9%. This fully renovated 6 bedroom, 2 bath bungalow on a large corner lot in Sherwood is the rare opportunity buyers dream of. Set up as two fully self-contained 3 bedroom units, each with private entrances, laundry, heating, hot water, electrical, and even separate internet, this home offers incredible flexibility. Live in the vacant main floor while the lower unit helps pay your mortgage, rent both for strong cash flow, or run an AirBnB while you enjoy your own space. Zoning allows STRs I owner occupied. With strong rental history and peak-season short-term rates up to 325 per night, this property is as smart as it is stunning. Extensive upgrades include a steel roof, dual heating systems (ductless heat pump plus propane boiler), egress windows, new appliances, LED lighting, modern plumbing and shutoffs, 2 sheds, a 7-car driveway, and so much more. Located in a safe, quiet neighborhood close to UPEI, schools, Royalty Crossing, grocery stores, and new sidewalks currently under construction, this home checks every box. Move in. Rent out. Cash in. Welcome to your future in Sherwood. (id:4069)
Address
118 Maple Avenue
List Price
$574,900
Property Type
Other
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Charlottetown
Floor Area
1,345 Sq. Ft.
Lot Size
0.295 Sq. Ft.
MLS® Number
202600256
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Postal Code
C1A6G4
Zoning
Residential
Features
Paved driveway
