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40 MEADOWPARK HAVEN Crescent
homes for sale · Hunter River
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$2,100,000

40 MEADOWPARK HAVEN Crescent

Hunter River · MLS® 202625750

Condo · Multi-family · built 2015 · 11 days on market

listed by Feihong Duan, EXIT Realty PEI

realtor's description

Welcome to Karlas Country Garden Villa, a well-constructed seven-unit seniors housing complex situated on approximately 12.73 acres, with the river forming the southern boundary of the property. The building features durable ICF exterior walls, R-40 insulation, metal roofing, and fire-rated, sound-resistant separation walls between units. Each spacious two-bedroom unit offers a high-quality kitchen with an island, an over-the-range microwave, and modern appliances. Residents also benefit from two designated parking spaces and a heated storage locker for each unit. The property is serviced by an on-site well and sewer system. Existing infrastructure was designed with future development in mind, including an ICF-constructed octagonal basement capable of accommodating additional water and sewer connections. A large portion of the propertys more than 12 acres remains undeveloped, offering substantial potential for future development, subject to zoning, environmental requirements, servicing capacity, and approval by the appropriate authorities. Plans have been prepared for an additional 23-25 residential units and are currently under review. Proposed future amenities include walking trails, landscaped gardens, and a pagoda above the octagonal structure. With its attractive riverside setting, quality construction, established rental units, extensive undeveloped land, and future expansion potential, Karlas Country Garden Villa represents a unique investment and development opportunity.

property details

type
Condo, Multi-family
parking
0
year built
2015
property tax
$11,534 / yr
days on market
11
MLS®
202625750

features

  • School Bus
  • Washer
  • Refrigerator
  • Range - Electric
  • Dishwasher
  • Dryer

monthly cost

$10,111/mo
Mortgage $9,149 · Tax $961

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$9,149/ monthly
loan $1,680,000
25-year amortization
total interest
$1,064,850
cash to close
$420,000
down payment; transfer tax and fees not included
total paid
$2,744,850

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Hunter RiverGoogle Maps ↗

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listed by
Feihong Duan
EXIT Realty PEI
call Feihong · 902-626-5627
Powered by: REALTOR.ca

similar homes nearby

location

Hunter RiverGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.