Address
571 MAIN Street Montague, PE
Price
$ 308,000
Property Attributes
  • ID#202109369
  • TypeCommercial
  • CityMontague
  • AreaEastern PEI
  • Postal CodeC0A 1R0
  • Style
  • Price$ 308,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2030
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Patrick Martens with Exit Realty Pei
Data Source:
RLP - CREA EN
Property Description

An appealing 2 story commercial building with a generous, paved parking lot and perfectly situated in a high traffic area of downtown Montague, the business hub of eastern PEI. It sits on a hill overlooking the river and busy waterfront businesses and attractions, including marina, eateries and music pavilion. The historically significant, gabled structure has 1 commercial unit on the main floor which has been continuously rented for over 10 years to the same tenant: a successful barbershop and beauty salon business. Three self contained, 1 bedroom apartments - two on the second floor, one main floor apartment with its own outside entrance - provide steady rental income. Two apartments were renovated in 2020. The large paved parking lot has two entrances onto Main Street, providing convenience for both retail traffic and residents. The parking lot is bordered by a treed hillside to the rear. The building has a full, dry, 7 foot high basement, with 4 forced air oil furnaces, plus one electrical hot water heater, and one oil fired hot water heater to serve the barbershop/beauty salon. All oil tanks were replaced in April 2021. Three picture windows and the roof fascia were replaced in 2018. A new stainless steel flue/chimney liner and smoke pipe were installed in 2018 as well. No PCDS, property being sold 'as is where is'. In addition, there are two R2 lots adjoining this property, totaling approximately 0.44 of acre, that can be purchased at an additional cost. An extremely rare find in the Town of Montague, the two lots are being sold together. Do not miss out on this excellent opportunity. Call today! All measurements are approximate and should be verified by purchaser if deemed necessary.

Exterior Features

Lot Size 0.30 acre
Jumpid 14884096
Mls 202109369

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in C0A 1R0

Price
AVG $600K
$310K
Visits
AVG 321
73
Walkscore
AVG 35
35
Data Provided by Walkscore ® not using MLS data

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