Rare Waterfront Business & Investment Opportunity, 176 Old Ferry Road, Bayside, PEI. Situated just 25 minutes from Summerside, this exceptional property features over 1,000 feet of prime waterfront on the Grand River and presents a standout real estate investment with immediate revenue potential. Currently operated as a seasonal rental business, the property comprises five cottages, two 3 bedroom and three 2 bedroom units, many featuring warm pine interiors and a classic Maritime charm. Modern comforts and functional updates are already in place, including two units equipped with heat pumps and propane stoves to extend the rental season, three units with electric heat, and three newly pumped septic systems, making the entire operation prepped and ready for next years guests. Priced strictly on the exceptional value of the land, location, and real estate footprint rather than past business yield, this property generates consistent average seasonal income while offering tremendous upside for growth. Offered "as is, where is" with select financial documentation available, this is an affordable, high potential opportunity to secure prime PEI waterfront real estate with a turnkey summer rental business built right in. (id:4069)
Address
176 Old Ferry Road
List Price
$475,000
Property Type
Other
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Bayside
Lot Size
7.6 Sq. Ft.
Year Built
2005
MLS® Number
202623922
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Postal Code
C0B1Y0
Zoning
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Ownership
Freehold
Site Influences
Water Nearby, Waterfront
Amenities
Laundry Facility
Number Of Floors In Building
1
Water Source
Drilled Well
