$750,000
645 Blue Shank Road
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About this home
This 12-unit apartment building consisting of 8 studio and 4 1 bedroom units is located just outside Summerside, Prince Edward Island, and offers a proven track record of stable rental income. The property benefits from a newer steel roof, and units are updated as turnover occurs, supporting long-term asset preservation and rent sustainability. Additional features include electric heat and coin-operated laundry, contributing to manageable operating costs and supplemental income. This property presents a turnkey investment opportunity with predictable cash flow, making it well-suited for any investor. Detailed financials and supporting documentation available for qualified buyers. (id:65958)
- Subtype
- Multi-family
- Lot size
- 1.5 acres
- MLS#
- 202607320
- Area
- WILMOT_VALLEY
Cash on cash
-11.84%
Cap rate
3.52%
GRM
16.7
Break-even rent
$5,308
Financing
Operating expenses (monthly)
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.