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Investment signal

$519,000

138 Seawood Drive

Save this home

Beds

3

Baths

2

Sqft

Year

2009

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Stanley Bridge. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 138 Seawood Drive, Stanley Bridge - Located in the desirable Seawood Estates subdivision, this charming home sits on a beautifully landscaped and private lot with distant bay views and access to the water. Featuring 3 spacious bedrooms, 2 full bathrooms, and a 1-car garage, this home blends cozy rustic charm with thoughtful updates. Step inside to an inviting open-concept layout with vaulted ceilings, a warm wood-burning fireplace, and kitchen with pantry that flows into the dining and living areas. Two sliding doors lead to a brand-new wrap-around deck and covered gazebo - perfect for enjoying morning coffee or entertaining. The main level offers two comfortable bedrooms and a full bath. Upstairs, you'll find a generous primary suite complete with an ensuite bath with shower and a cozy loft space ideal for a sitting area, office or reading nook. The lower level features a welcoming foyer, laundry area, storage space, and access to the 1 car attached garage. Additional highlights include a newer roof, fresh interior and exterior paint, updated tile floors in the kitchen and bathroom, new washer and fridge, a large garden shed surrounded by beautiful flowers and mature landscaping. The home is heated with a combination of a wood stove, electric baseboards, and a heat pump for year-round comfort. Located on a year-round road with access to the Cavendish community well system, this home is just minutes from the attractions of Cavendish and Stanley Bridge, and centrally located between Charlottetown and Summerside. This home is perfect for a great weekly rental investment property, year around home or cottage retreat. (id:65958)

Subtype
Single Family
Structure
House
Community
Stanley Bridge
Common interest
Freehold
Lot size
0.32
Lot dimensions
0.32
Bedrooms
3 above grade, 0 below grade
Stories
1.5
Fireplace
1
On market
Mar 2, 2026
Status changed
Apr 28, 2026
Annual tax
$3,523 (2025)
Photos
50
MLS#
202603617
Area
STANLEY_BRIDGE

Features and systems

Parking

Attached GarageGravelHeated Garage

Appliances

WasherRefrigeratorRange - ElectricDryerMicrowave

Heating

StoveElectricWood

Cooling

Air exchanger

Exterior

Wood shinglesWood siding

Flooring

TileHardwoodWood

Foundation

Poured Concrete

Lot

Partially cleared

Community

School BusRecreational Facilities

View

View of water
Negative cash flow ~$600/mo at these assumptions

Cash on cash

-6.94%

Cap rate

3.48%

GRM

16.6

Break-even rent

$3,232

Financing

Down payment$103,800
Loan amount$415,200
Mortgage$2,104/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$238
Insurance$80
Maintenance$433
CapEx reserve$216
Vacancy loss$130

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,104/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.

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