• Mobile: 647-937-8237
  • Office: 905-731-2000
  • Fax: 905-886-7556

$1,999,000
Available - For Sale
Listing ID: X12013799
319 Main Stre East , Prince Edward County, K0K 3L0, Prince Edward Co


Welcome to 319 Main St, steps from The Drake and Lakeside Motel. This renovated former general store built in 1895 offers an exceptional investment opportunity. Currently operating as owner-occupied turn-key short term accommodation, it also has potential as a multi-generational family home, as four high-end rental units, or as a 4-unit boutique hotel with en suites. New plumbing, wiring, HVAC, drywall, flooring, custom bathrooms, kitchens, and lighting ensure a low maintenance and contemporary living experience. This property is cash flow positive from day one, generating strong rental income with a proven track record. Ready for immediate rental income, two years of financials available as an operating, legal, "Super Host" STA. With a Walk Score of 100, you're minutes from PEC's top restaurants, bars, galleries, beaches, groceries, and schools. Enjoy biking to nearby wineries and exploring the vibrant local culture. Stunning Property: On a spacious lot with water views, this unique home blends historic charm with modern luxury, offering endless possibilities
Price $1,999,000
Taxes: $2360.88
Occupancy: Tenant
Address: 319 Main Stre East , Prince Edward County, K0K 3L0, Prince Edward Co
Directions/Cross Streets: Main St & Narrow
Rooms: 16
Bedrooms: 6
Bedrooms +: 0
Family Room: F
Basement: Crawl Space
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Main Living Ro 38.38 33.13 W/O To Sundeck, Granite Counters, South View
Room 2 Main Bedroom 13.12 9.84 3 Pc Ensuite, Wainscoting, Window
Room 3 Main Bedroom 2 12.79 9.84 3 Pc Ensuite, Wall Sconce Lighting, Window
Room 4 Second Bedroom 11.81 9.51 3 Pc Ensuite, Wall Sconce Lighting, Double Sink
Room 5 Second Bedroom 2 13.12 9.51 3 Pc Ensuite, Wainscoting, Wall Sconce Lighting
Room 6 Second Kitchen 13.09 13.45 Overlook Water, Breakfast Bar, Combined w/Dining
Room 7 Second Living Ro 43.62 47.89 Pot Lights, Combined w/Dining, West View
Room 8 Second Laundry 9.84 6.89 Enclosed, Ceramic Floor, Breezeway
Room 9 Flat Bedroom 15.42 8.2 3 Pc Ensuite, Wall Sconce Lighting, Vaulted Ceiling(s)
Room 10 Flat Living Ro 15.74 10.5 Breakfast Area, Granite Counters, Bay Window
Room 11 Flat Bedroom 2 12.79 9.18 3 Pc Ensuite, Wall Sconce Lighting, Vaulted Ceiling(s)
Room 12 Flat Living Ro 12.14 9.18 Breakfast Bar, Granite Counters, Bay Window
Washroom Type No. of Pieces Level
Washroom Type 1 4 Second
Washroom Type 2 3 Main
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Approximatly Age: 100+
Property Type: Fourplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 8
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 2500-3000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Schools

4 public & 3 Catholic schools serve this home. Of these, 7 have catchments.

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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $99,950 $199,900 $299,850 $399,800
First Mortgage $1,899,050 $1,799,100 $1,699,150 $1,599,200
CMHC/GE $75,962 $55,772.1 $47,576.2 $0
Total Financing $1,975,012 $1,854,872.1 $1,746,726.2 $1,599,200
Monthly P&I $9,746.33 $9,153.46 $8,619.78 $7,891.76
Expenses $0 $0 $0 $0
Total Payment $9,746.33 $9,153.46 $8,619.78 $7,891.76
Income Required $365,487.27 $343,254.69 $323,241.67 $295,941.11

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$4,932.35
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOUSESIGMA INC.
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Mehdi Moghareh Abed
Sales Representative
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647-937-8237
Bus:
905-731-2000
Fax:
905-886-7556
 
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At a Glance:
Type: Freehold - Fourplex
Area: Prince Edward County
Municipality: Prince Edward County
Neighbourhood: Wellington Ward
Style: 2 1/2 Storey
Lot Size: x 250.00(Feet)
Approximate Age: 100+
Tax: $2,360.88
Maintenance Fee: $0
Beds: 6
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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