




This other in Eldon offers 2,366 sqft of living area. Built in 1977. The property has lot dimensions of .82 + 2.25. The home features other and wood flooring.
Opportunities like this are truly rare. This Motel & Cottages business, in operation for over 40 years, features 19 rental units along with a beautifully designed five-bedroom home on more than three acres, offered at only $799K and ideally located just minutes from the Point Prim Lighthouse, 18 minutes from the Wood Islands Ferry, and 30 minutes from downtown Charlottetown. The main house includes an upper level with a kitchen, dining room, living room, three bedrooms, and a full bath, while the lower level - with its own kitchen, living room, full bath, and two bedrooms - can be rented out for additional income. The property includes 11 cottages and 8 motel units; nine cottages are two-bedroom units with full kitchens, and the remaining two are one-bedroom units with kitchens. Recent upgrades include roof work on the main house and several units (Units 1, 3, 4, 5, 6, 8, and 9) completed between 2022 and 2023; replacement of water heaters for the main house, Unit 5, and behind the motel between 2021 and 2024; updated washers, dryers, and refrigerators added from 2023 to 2025; a new AC for Unit F in 2024; and newer lawn-care equipment. This property allows you to operate a long-established hospitality business right in your own backyard while enjoying comfortable on-site living. Click the MULTIMEDIA link for a virtual tour video. All measurements are approximate and should be verified by the purchaser. (id:60351)
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Listed by Yan Ming (Edward Zhang, ROYAL LEPAGE PRINCE EDWARD REALTY
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Listing represented by Yan Ming (Edward Zhang, ROYAL LEPAGE PRINCE EDWARD REALTY · MLS# 202528404
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.