244 Riverside Drive Route 202, Murray River

244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 1

36 Photos

244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 2
244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 3
244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 4
244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 5
244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 6
244 Riverside Drive Route 202, Murray River, PE C0A1W0 Photo 7
  • MLS®: 202408503
  • Added: 11 days ago

Property Details

Welcome to Murray River, PEI, where tranquillity meets investment opportunity. Nestled in the heart of one of PEI's most picturesque regions, this charming 4-unit complex offers an ideal blend of comfort, convenience, and potential for the discerning investor. Each unit boasts 2 bedrooms and 2 bathrooms, providing ample space for residents to unwind and enjoy the serene surroundings. Whether you're seeking a peaceful retreat or a lucrative investment opportunity, this property caters to both desires with equal finesse. The architecture of the complex harmonizes effortlessly with its natural surroundings, featuring classic Maritime-inspired design elements that exude timeless charm. From the moment you arrive, you'll be captivated by the lush greenery, scenic views, and the soothing sounds of nearby rivers and streams. Inside, each unit is thoughtfully appointed with modern amenities and stylish finishes, ensuring a comfortable and inviting living experience for residents and guests alike. Spacious living areas provide the perfect setting for relaxation or entertaining, while well-equipped kitchens inspire culinary creativity. Step outside onto your private patio or balcony and bask in the gentle breeze as you admire the panoramic vistas of the Murray River landscape. Whether enjoying a morning cup of coffee or savouring an evening sunset, these outdoor spaces offer a seamless extension of the indoor living area, perfect for soaking in the natural beauty of Prince Edward Island. As an investment property, this complex presents a compelling opportunity for savvy investors looking to capitalize on the burgeoning real estate market in PEI. With its prime location, strong rental potential, and attractive amenities, this property promises both immediate returns and long-term growth prospects. (id:1945)

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Property Information

  • Sewer: Septic System
  • Zoning: Multi-Family
  • Cooling: Air Conditioned
  • Heating: In Floor Heating, Electric, Wall Mounted Heat Pump
  • List AOR: PEIA
  • Tax Year: 2024
  • Basement: None
  • Flooring: Laminate, Ceramic Tile
  • Year Built: 2014
  • Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
  • Photos Count: 36
  • Water Source: Drilled Well
  • Parcel Number: 1063932
  • Structure Type: Fourplex
  • Common Interest: Freehold
  • Parking Features: Gravel
  • Building Features: Laundry Facility, Air Conditioning
  • Exterior Features: Vinyl
  • Community Features: School Bus
  • Foundation Details: Concrete Slab
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Nearby Places

Name Type Address Distance
Murray River, Prince Edward Island Located in the province's South-Eastern corner, Mu... 1.0 km
St. Andrew's Parish, Prince Edward Island Andrew's Parish was created as a civil parish in K... 1.9 km
Lot 64, Prince Edward Island It is part of St... 4.0 km
Rossignol Estate Winery Food 11147 Shore Rd 4.7 km
Kings Castle Provincial Park Park Murray Harbour 4.9 km
Kings Castle Provincial Park A fantastic location for families with children... 4.9 km
Lot 63, Prince Edward Island It is part of St... 5.5 km
Murray Harbour, Prince Edward Island Located in the township of Lot 64, the community i... 7.4 km
Northumberland Provincial Park Northumberland Provincial Park is a provincial par... 8.1 km
Northumberland Provincial Park Park Belle River 8.7 km
Buffaloland Provincial Park Buffaloland Provincial Park is a provincial park i... 9.4 km
Lot 61, Prince Edward Island It is part of St... 10.4 km
244 Riverside Drive Route 202 mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 244 Riverside Drive Route 202. The current price of the property is $989,000, 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 $791,200. This would result in a monthly mortgage payment of $4,625 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 10
Bachelor's degree 20
University / Above bachelor level 10
College 35
University degree at bachelor level or above 30

Neighbourhood Marital Status Stat

Married 140
Widowed 20
Divorced 10
Separated 10
Never married 65
Living common law 20
Married or living common law 160
Not married and not living common law 105

Neighbourhood Construction Date

1961 to 1980 35
1981 to 1990 10
1991 to 2000 10
2001 to 2005 10
1960 or before 70
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