20 28 Miah Drive, Cornwall

20 28 Miah Drive, Cornwall, PE C0A1H3 Photo 1

32 Photos

20 28 Miah Drive, Cornwall, PE C0A1H3 Photo 2
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20 28 Miah Drive, Cornwall, PE C0A1H3 Photo 7
  • MLS®: 202403163
  • Type: Townhouse
  • Added: 66 days ago

Property Details

Exceptional investment opportunity in a rapidly growing and sought-after Cornwall neighbourhood! Nestled within this thriving locale are meticulously maintained 12 units, distributed across two separate buildings. Each building has five two-bedroom units and one one-bedroom unit. These units produce positive cash flow and consistent full occupancy, complemented by an impressive tenant history. These turn-key units are equipped with modern amenities including fridge, stove, microwave, dishwasher, washer, dryer, and heat pump ensuite, cater perfectly to prospective tenants' desires. The recent addition of solar panels enhances energy efficiency and contributes to low operating costs. Even more enticing, a qualified Buyer has the option to assume the existing mortgage at a preferred lower interest rate, with approximately 2 and half years left on the term. Ideal for astute investors looking to expand their portfolio, call today! HST to be determined by individual basis. Note: Listing agent is related to the seller. (id:1945)

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Property Information

  • Sewer: Municipal sewage system
  • Zoning: Multi-Family
  • Heating: Radiant heat, Electric, Solar, Wall Mounted Heat Pump
  • Tax Year: 2023
  • Basement: None
  • Flooring: Laminate, Carpeted, Ceramic Tile
  • Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Microwave
  • Directions: Trans Canada Highway #1 Cornwall, onto Mercedes Drive, onto Miah Drive.
  • Lot Features: Balcony
  • Photos Count: 32
  • Water Source: Municipal water
  • Parcel Number: 1082668
  • Structure Type: Apartment
  • Common Interest: Freehold
  • Parking Features: Parking Space(s)
  • Building Features: Cable TV
  • Exterior Features: Vinyl
  • Community Features: School Bus
  • Foundation Details: Concrete Slab
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Nearby Places

Name Type Address Distance
Cornwall, Prince Edward Island Canada... 1.1 km
COWS CREAMERY Store 397 Capital Dr 3.7 km
Clyde River, Prince Edward Island The population of Clyde River is 618 (2006 census)... 3.7 km
York Point, Prince Edward Island In 1996 it was amalgamated into the town of Cornwa... 3.9 km
Meadowbank, Prince Edward Island It was incorporated in 1974.... 4.0 km
Lot 32, Prince Edward Island It is part of Charlotte Parish... 4.3 km
Holiday Inn Express Hotel & Suites Charlottetown Lodging 200 Capital Dr 4.9 km
Tim Hortons Cafe 625 N River Rd 5.2 km
Victoria Park, Charlottetown Victoria Park is a waterfront park in the Canadian... 5.2 km
Warren Grove It was incorporated in 1985.... 5.2 km
Victoria Park Park Charlottetown 5.2 km
West Royalty, Prince Edward Island West Royalty is a neighbourhood of the city of Cha... 5.2 km
Similar Townhouses Stat in Cornwall
We have found 1 Townhomes that closely match the specifications of the property located at 20 28 Miah Drive with distances ranging from 2 to 5 kilometers away. The prices for these similar properties vary between 2,280,000 and 2,280,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the C0A1H3 postal code area of Cornwall Prince Edward Island Canada.
20 28 Miah Drive mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 20 28 Miah Drive. The current price of the property is $3,400,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $2,720,000. This would result in a monthly mortgage payment of $15,899 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 35
Bachelor's degree 110
University / Above bachelor level 15
University / Below bachelor level 15
Certificate of Qualification 10
College 90
University degree at bachelor level or above 160

Neighbourhood Marital Status Stat

Married 395
Widowed 15
Divorced 30
Separated 10
Never married 135
Living common law 65
Married or living common law 460
Not married and not living common law 195

Neighbourhood Construction Date

1961 to 1980 65
1981 to 1990 35
1991 to 2000 50
2006 to 2010 60
1960 or before 10
Comparison of 20 28 Miah Drive, Cornwall, PE with Nearby Townhouses
Nearby Cities Listings Avg. price
Perth 76 $755.848
Yarmouth 60 $335.590
Riverview 68 $596.212
Saint John 163 $451.197
Quispamsis 74 $356.866
Montreal 141 $1.220.162
Fredericton 108 $471.103
Bouctouche 63 $191.548
Popular Cities Listings Avg. price
Ottawa 2124 $894.903
Fort Erie 367 $893.923
Oshawa 425 $1.036.874
Niagara Falls 669 $1.079.234
Whitby 325 $1.214.355
Kawartha Lakes 479 $950.691
Brantford 528 $944.701
St Catharines 577 $866.560
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