Welcome to this remarkable investment located in the coveted neighborhood of Athol Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $599,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
An excellent investment opportunity awaits in beautiful Cherry Valley, one of Prince Edward County's most sought-after communities. This well-maintained mobile home park operates year-round and offers a stable, consistent income stream with a solid tenant base.The property is fully tenanted, featuring six leased mobile homes and two additional leased mobile home sites, each providing reliable monthly rental income. With steady occupancy and long-term tenants in place, this is a truly turn-key investment that requires minimal day-to-day management.The park is well serviced and thoughtfully laid out, featuring two dug wells with separate pump houses, a large shared septic system, and two smaller septic beds supporting the homes on the property. Infrastructure has been designed to provide efficient servicing and reliable operation throughout the year.Conveniently located just one minute from a public boat launch on East Lake, tenants and visitors alike can easily enjoy boating, kayaking, and fishing all season long. The world-famous Sandbanks Provincial Park is just down the road, offering stunning beaches, hiking trails, and a major draw for both residents and tourists.This is a rare opportunity to own an established, income-producing property in one of Ontario's premier lifestyle destinations. Whether you're expanding your investment portfolio or seeking a steady, low-maintenance business in the heart of Prince Edward County, this mobile home park delivers strong returns and long-term potential.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 89 Chourney Lane, Prince Edward County, ON K0K 1P0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Prince Edward County.
About Purchasing a Home in Prince Edward County, ON
For a property listed at $599,900 in Prince Edward County, the legal minimum down payment is $34,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,473 for this transaction. As this listing is in Prince Edward County (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.