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244 Riverside Drive, Murray River, PE, C0A 1W0

MLS® # 202408503
Investment For Sale In Murray River, Prince Edward Island
$989,000 QuickQuoteTM: Not Available
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
244 Riverside Drive, Murray River, PE
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244 Riverside Drive, Murray River, PE, C0A 1W0
$989,000

Property Information:

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.

Property Features:

  • Built in: 2014
  • Lot Size: 1.30
  • Title to Land: Freehold

Courtesy of: RE/MAX CHARLOTTETOWN REALTY

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 244 Riverside Drive, Murray River, PE, C0A 1W0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Significant

30 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: Significant

30 hot days expected in 2050

32/100

Significant

ClimateCheck®

Current data

This property, 244 Riverside Drive , experiences 7 hot days per year at around 28.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 31.2 degrees Celsius.

Projected Avg. Temperature

Past
28.1℃
2050
31.2℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

71/100

ClimateCheck®

Current data

This property, 244 Riverside Drive , experiences 11 significant 2-day storms per year, with about 365.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 461mm of precipitation per year.

Precipitation Per Storm

Past
365.2mm
2050
461mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 244 Riverside Drive, Murray River, PE, C0A 1W0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$92,275.26

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.85 %

High school certificate or equivalent

35.68 %

Apprenticeship trade certificate/diploma

7.44 %

College/non-university certificate

23.2 %

University certificate (below bachelor)

1.04 %

University Degree

10.78 %

Commuter

Travel To Work

By Car

92.74 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

7.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent