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Investment signal

$299,000

71A Woodleigh Drive

Beds

2

Baths

1

Sqft

Year

1951

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Looking for an incredible investment opportunity in a sought-after location? This beautifully updated condo in the heart of Kensington is a must-see. Offering a fully renovated 2-bedroom, 1-bathroom unit, this property combines modern style with low-maintenance living. Step inside to an open-concept layout featuring contemporary finishes throughout, including stainless steel appliances, a custom fireplace, and charming pine ceilings that create a warm and inviting atmosphere. A heat pump provides efficient heating and cooling, ensuring year-round comfort. Ideally situated just 10 minutes from Summerside and 40 minutes from Charlottetown, this location offers easy access to all essential amenities while maintaining a quiet, community feel. The affordable monthly condo fee of $175 includes grass cutting, snow removal, and water/sewer, making this an excellent option for investors, first-time buyers, or those looking to downsize. Don?t miss your chance to own a fantastic property in a prime location?book your private viewing today! (id:65958)

Subtype
Single Family
Structure
Row / Townhouse
Community
Kensington
Common interest
Condo/Strata
Bedrooms
2 above grade, 0 below grade
Condo/HOA fee
$175 monthly
Fireplace
Yes
On market
Apr 13, 2026
Status changed
Apr 13, 2026
Photos
21
MLS#
202607177
Area
KENSINGTON

Features and systems

Parking

Parking Space(s)Gravel

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectricWall Mounted Heat Pump

Cooling

Air exchanger

Exterior

Vinyl

Flooring

LaminateCeramic Tile

Foundation

Poured Concrete

Lot

Balcony

Community

School Bus
Negative cash flow ~$253/mo at these assumptions

Cash on cash

-5.08%

Cap rate

4.87%

GRM

13.1

Break-even rent

$2,167

Financing

Down payment$59,800
Loan amount$239,200
Mortgage$1,467/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$137
Insurance$80
Maintenance$249
CapEx reserve$125
Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,467/mo at 5.49% with 20% down, 25-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 13, 2026.

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