61 Ducks Landing Stratford, Prince Edward Island C1B 2X8

$2,195,000

An outstanding opportunity to acquire a well-maintained, fully occupied 12-unit apartment building in the thriving community of Stratford, Prince Edward Island. Situated in one of the province's fastest-growing municipalities, this turnkey investment offers immediate, stable rental income with strong long-term appreciation potential in a market where demand for quality rental housing continues to exceed supply. The building features 12 spacious two-bedroom apartments, with four desirable corner units located on each of its three levels. Every suite is equipped with a refrigerator, stove, dishwasher, washer, and dryer, providing tenants with the convenience and amenities today's renters expect. Individual electric wall heating allows tenants to manage their own utility costs while minimizing operating expenses for ownership. The property has been well maintained, highlighted by the installation of a brand-new roof in July 2024, reducing near-term capital expenditures and enhancing long-term value. Tenants benefit from both front and rear building access, as well as a large paved parking lot offering ample off-street parking. Strategically positioned in the heart of Stratford, the property is within minutes of Town Hall, the Stratford Recreation Centre, schools, shopping, grocery stores, medical clinics, restaurants, and other essential community services. Its prime location, combined with Stratford's sustained population growth and expanding local economy, continues to drive strong tenant demand and high occupancy rates. Whether you are looking to expand an existing multi-family portfolio or acquire a high-performing income property in one of PEI's most sought-after rental markets, this exceptional investment offers reliable cash flow, low vacancy risk, and significant long-term growth potential. (id:59559)

Property Details

MLS® Number	202616656
Property Type	Multi-family
Community Name	Stratford
Amenities Near By	Public Transit, Recreation, Shopping
Community Features	School Bus
Equipment Type	None
Rental Equipment Type	None
Structure	Patio(s)

Building

Appliances	Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
Basement Type	None
Constructed Date	2011
Exterior Finish	Vinyl
Flooring Type	Carpeted, Laminate, Tile
Foundation Type	Concrete Slab
Heating Fuel	Electric
Heating Type	Radiant Heat
Stories Total	3
Type	Apartment
Utility Water	Municipal Water

Parking

Parking Space(s)
Parking Space(s)

Land

Acreage	No
Land Amenities	Public Transit, Recreation, Shopping
Sewer	Municipal Sewage System
Size Irregular	0.41
Size Total	0.41 Ac|under 1/2 Acre
Size Total Text	0.41 Ac|under 1/2 Acre
Zoning Type	Multi-family

https://www.realtor.ca/real-estate/29995149/61-ducks-landing-stratford-stratford