An outstanding opportunity to acquire a well-maintained, fully occupied 12-unit apartment building in the thriving community of Stratford, Prince Edward Island. Situated in one of the province's fastest-growing municipalities, this turnkey investment offers immediate, stable rental income with strong long-term appreciation potential in a market where demand for quality rental housing continues to exceed supply. The building features 12 spacious two-bedroom apartments, with four desirable corner units located on each of its three levels. Every suite is equipped with a refrigerator, stove, dishwasher, washer, and dryer, providing tenants with the convenience and amenities today's renters expect. Individual electric wall heating allows tenants to manage their own utility costs while minimizing operating expenses for ownership. The property has been well maintained, highlighted by the installation of a brand-new roof in July 2024, reducing near-term capital expenditures and enhancing long-term value. Tenants benefit from both front and rear building access, as well as a large paved parking lot offering ample off-street parking. Strategically positioned in the heart of Stratford, the property is within minutes of Town Hall, the Stratford Recreation Centre, schools, shopping, grocery stores, medical clinics, restaurants, and other essential community services. Its prime location, combined with Stratford's sustained population growth and expanding local economy, continues to drive strong tenant demand and high occupancy rates. Whether you are looking to expand an existing multi-family portfolio or acquire a high-performing income property in one of PEI's most sought-after rental markets, this exceptional investment offers reliable cash flow, low vacancy risk, and significant long-term growth potential. (id:4069)
Address
61 Ducks Landing
List Price
$2,195,000
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Stratford
Lot Size
0.41 Sq. Ft.
Year Built
2011
MLS® Number
202616656
Listing Brokerage
HOMELIFE P.E.I. REALTY INC.
Basement Area
None
Postal Code
C1B2X8
Ownership
Freehold
Site Influences
Public Transit, Recreation, Shopping
Community Features
School Bus
Appliances
Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
Heat Source
Electric
Heat Type
Radiant heat
Foundation Details
Concrete Slab
Other Structures
Patio(s)
Number Of Floors In Building
3
Water Source
Municipal water
Sewer
Municipal sewage system
