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Hunter River
19777 Route 2
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19777 Route 2 $749,500
$749,500
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19777 Route 2
Hunter River, Prince Edward Island C0A1N0

MLS® Number: 202421946

Listing Description

19777 Route 2!...Introducing an exceptional investment opportunity nestled in the heart of Hunter River, this mixed-use commercial property boasts a total of 5000 sq. ft. The versatile space includes commercial and office areas, along with three rental units, ensuring a dynamic income stream. Originally leased by Subway, the commercial space, spanning approximately 2000 sq. ft., is now available for the next lucrative business venture. The property's mixed-use commercial zoning provides flexibility for various enterprises, capitalizing on its prime location and high exposure. The three rental units, featuring 2 three-bedroom and 1 two-bedroom units, are fully occupied, offering a steady income. Each unit is equipped with a heat pump, ensuring comfort for tenants. Additionally, a shared laundry facility enhances the property's convenience and desirability. A testament to modernization, the building underwent extensive renovations in 2017 and it was completely gutted. new windows, doors, trims, steel roof, all flooring, heat pumps and the list goes on. These improvements not only enhance the property's aesthetic appeal but also contribute to its long-term durability and low maintenance. Strategically positioned in a location with high visibility, this investment property presents an excellent opportunity for those seeking a blend of commercial and residential income. With a solid rental history and recent renovations, it stands as a sound investment choice in the vibrant community of Hunter River. All measurement are approximate and should be verified by the purchaser. (229822590)

Property Summary

Property Type
Other
Storeys
2
Community Name
Hunter River
Title
Freehold
Land Size
0.19 acre|under 1/2 acre
Built in
1952
Parking Type
Parking Space(s), Paved Yard, Visitor Parking
Time on REALTOR.ca
119 days

Price and Sale History

Date Status Price
Apr 14, 2008 Sale Closed $165,000

Building

Interior Features
Flooring
Other
Utilities
Water
Ground-level well
Business
Business Type
Restaurant (Restaurant)
Parking
Parking Type
Parking Space(s), Paved Yard, Visitor Parking

Measurements

Square Footage
5000 sqft
Total Finished Area
5000 sqft

Land

Other Property Information
Zoning Description
Mixed Use
Data provided by: Prince Edward Island Real Estate Association Unit L100 - 3 Lower Malpeque Road, Charlottetown, Prince Edward Island C1E 1R4
902-393-9155
902-393-9155
REALTOR® Website
Email
Book showing
ROYAL LEPAGE PRINCE EDWARD REALTY
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E3J3
902-628-6500
Office Website
250-306-1047
Email
Book showing
ROYAL LEPAGE PRINCE EDWARD REALTY
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E3J3
902-628-6500
Office Website
Omid Talebi