An incredible opportunity awaits with this well-maintained four-unit property located on Mont Carmel Road in the heart of Wellington, Prince Edward Island. Offering the perfect combination of homeownership and investment potential, you can live comfortably in one unit while generating rental income from the other three. A smart way to offset your mortgage while building long-term wealth. Each of the four units features a functional 2-bedroom, 1-bathroom layout, complete with its own heated single-car garage and paved driveway, providing comfort, convenience, and privacy for both owners and tenants. These thoughtfully designed units offer low-maintenance living and strong rental appeal, making this an excellent addition to any investment portfolio. Ideally situated within walking distance of Wellington's many conveniences, you'll enjoy easy access to the Co-op grocery store, Credit Union, Access PEI, PEI Liquor, Esso, and the scenic Confederation Trail. Just a 5-minute drive away, Abram Village offers even more community amenities, including the recreation center/hockey arena, and a fully equipped fitness center. And only a 20-minute drive to your nearest city of Summerside. Whether you're looking to expand your investment portfolio, live in one unit while the others help pay your mortgage, or add a quality income-producing property to your holdings, opportunities like this are rare. Combining excellent cash-flow potential with an unbeatable location and desirable unit features, this fourplex is an exceptional opportunity you won't want to miss. (id:374)
| MLS # | 202618795 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2011 |
| Days On Site | 89 |
| Listing Provided By | ELITE REAL ESTATE ADVISORS INC. | Jory MacIsaac |
| Story(s) | 1 |
|---|---|
| Zoning | Multi-Family |
| Acreage | 0.96 |
| Heating | In Floor Heating, Electric, Wall Mounted Heat Pump |
|---|---|
| Appliances | Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Combo |
| Fireplace Yes / No | No |
| Foundation Details | Concrete Slab, Poured Concrete |
|---|
| Parking Features | Parking Space(s), Shared |
|---|
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Shared Well, Well |
| Tax Annual Amount | 10234.7 |
|---|---|
| Tax Year | 2026 |
| Province | PE |
|---|---|
| City | Wellington |
| Postal Code | C0B2E0 |
| Listing VS Median (in C0B2E0) | |
Price: $795,000 low | high Med: $315,000 On site: 89 low | high Med: 22 | |
| Province | PE |
|---|---|
| City | Wellington |
| Postal Code | C0B2E0 |
| Listing VS Median (in C0B2E0) | |
Price: $795,000 low | high Med: $315,000 On site: 89 low | high Med: 22 | |