Investment signal

$750,000

645 Blue Shank Road

Beds

—

Baths

—

Sqft

—

Year

—

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.

Open full map

Text about this home Send a message

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
Structure: Apartment
Community: Wilmot Valley
Common interest: Freehold
Lot size: 1.5 acres
Lot dimensions: 1.5
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Annual tax: $5,300 (2025)
Zoning: Multi-Family
Photos: 1
MLS#: 202607320
Area: WILMOT_VALLEY

Features and systems

Parking

Parking Space(s)Parking Space(s)

Basement

Partial

Appliances

WasherOvenDryerMicrowave

Heating

Radiant heatElectric

Exterior

Vinyl

Flooring

Other

Foundation

Poured Concrete

Community

School Bus

Negative cash flow ~$1,480/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,308

Financing

Down payment$150,000

Loan amount$600,000

Mortgage$3,681/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$344

Insurance$80

Maintenance$625

CapEx reserve$313

Vacancy loss$188

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 Wilmot Valley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,681/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 14, 2026.