39
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$699,900
Est. payment /mo
5,340 SqFt
Active
30166 Western Road Wellington, C0B2E0
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5340
Square Footage 5,340 sqft
Price per Sqft $131
Subdivision Wellington
MLS® Listing ID 202613278
Lot Size 2 Sqft
Acres 4.5913683E-5
Property Sub-Type Freehold
Property Description
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:24570)
Rooms
Kitchen 0.0
Interior
Flooring Other
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Others
Ownership Freehold
Listed by CENTURY 21 NORTHUMBERLAND REALTY
Nearby Locations
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