222 Central Street
Tignish, Prince Edward Island C0B2B0

4 beds · 2 baths · null

Welcome to this prime investment opportunity located in the core of Tignish. This versatile property features well-maintained two separate apartments, each offering 2 bedrooms and an independent entrance, ensuring privacy and convenience for all residents.The property boasts two floors of comfortable living space, with an additional basement that is ideal for use as a workshop or extra storage. Recent upgrades enhance the value and functionality of the home, including a new roof installed 2021, a newly built double car garage 2023,4 Fujitsu heat pumps 2021,1 Kerr heat pump 2024, 4 New basement windows 2022, New front door 2022, 2 new range hoods 2024 . The garage features a durable steel roof and ceiling, and is fully insulated.Additionally, the property has recently been equipped with five heat pumps, providing efficient and reliable heating and cooling throughout both apartments. An automatic electric and backup generator system ensures a continuous power supply for both the house and the garage, adding an extra layer of convenience and security.Imagine there is a public power failure during severe weather, you can remotely turn on the generator which is located in the garage from the house (or anywhere) to provide power back to the house. You can remotely control the generator without going outside.This property is an excellent choice for investors or those seeking a lucrative income-generating opportunity. With its modern upgrades, separate living spaces, and strategic location, it offers substantial potential for steady rental income or long-term appreciation. Buyer to verify all the measurements.Don?t miss out on this exceptional opportunity in Tignish! (id:39198)

Facts & Features

Building Type Duplex

Year built 1934

Square Footage

Stories 1.5

Bedrooms 4

Bathrooms 2

Parking

NeighbourhoodTignish

Land size 0.3 Acre|under 1/2 acre

Heating type Baseboard heaters, Wall Mounted Heat Pump, Hot Water

Basement typeFull (Partially finished)

Parking Type Detached Garage

Time on REALTOR.ca14 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: CENTURY 21 NORTHUMBERLAND REALTY

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Home price

$249,000

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$2,346 / month

Rent $2,084

Savings $261

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$2,075 / month

Rent $2,021

Savings $55

Initial deposit 5%

Savings target Fixed at 5%