Welcome to 30166 Western Road, a meticulously maintained mixed use property in Wellington that offers a rare combination of strong rental income, high highway visibility, and excellent mechanical reliability. Situated on a newly severed 2 acre parcel, this versatile building is a dream setup for any investor looking for a turnkey property with a fantastic cap rate. The building is fully tenanted and features three distinct, spacious residential apartments: a comfortable 3 bedroom layout spanning approximately 1,200 square feet, a 2 bedroom unit at roughly 1,000 square feet, and a massive, oversized 1 bedroom unit that tenants love. Complementing the residential side is a prime 1,360 square foot commercial section. Perfectly positioned to capitalize on heavy traffic along Western Road, this commercial space operates on its own separate electric meter, making utility management straightforward. The entire property has been exceptionally well cared for, giving peace of mind to its next owner. Key mechanical upgrades include energy efficient heat pumps and a complete HVAC system, all of which are less than 5 years old. To ensure uninterrupted operation for both residents and commercial tenants, the property is also equipped with a robust 22 kilowatt backup generator featuring automatic transfer switches. Whether you are looking to expand your portfolio or secure a reliable multi stream income property on PEI, this Wellington gem delivers on every front. (id:4069)
Address
30166 Western Road
List Price
$699,900
Property Type
Retail
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Wellington
Floor Area
5,340 Sq. Ft.
Lot Size
2 Sq. Ft.
MLS® Number
202613278
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Postal Code
C0B2E0
Zoning
Rec/Com
Ownership
Freehold
Site Influences
Highway
Features
Paved driveway
Community Features
High Traffic Area
Number Of Floors In Building
2
Water Source
Drilled Well
Access To Property
Highway access
