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Investment signal

$299,000

71B Woodleigh Drive

Beds

Baths

Sqft

—

Year

1951

Location

See the block, not just the house.

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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. (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: 22
MLS#: 202607178
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

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

-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.