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Investment signal

$182,000

Lot 22-61 Smallwood Terrace

Save this home

Beds

Baths

Sqft

Year

Type

Vacant Land

Suite

Investment signal

Location nearby

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

About this home

Excellent opportunity to build your own home in the desirable Kelly Heights subdivision in Stratford. Ideal for living in one side and renting the other, or for building an investment property. Paved roads, municipal water and sewer, and electrical services are already completed within the subdivision, making it ready for construction. Located in a quiet, family-friendly neighborhood, this property is also an excellent choice for investors. Great location-only a 4-5 minute drive to Stratford amenities and downtown Charlottetown. (id:65958)

Subtype
Vacant Land
Community
Stratford
Common interest
Freehold
Lot size
0.22 acres
Lot dimensions
0.22
On market
Apr 20, 2026
Status changed
Apr 20, 2026
Photos
7
MLS#
202608002
Area
STRATFORD

Features and systems

Parking

None

Lot

Level lot

Utilities

CableTelephoneDSL*
Positive cash flow ~$1,151/mo at these assumptions

Cash on cash

37.96%

Cap rate

12.46%

GRM

6.3

Break-even rent

$1,188

Financing

Down payment$36,400
Loan amount$145,600
Mortgage$738/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$83
Insurance$80
Maintenance$152
CapEx reserve$76
Vacancy loss$120

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 $738/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 20, 2026.

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