314 Second Avenue, Prince Edward County

$475,000
314 Second Avenue

$475,000

Price Change
18d
DetachedBungaloft

314 Second Avenue, Prince Edward County

Total Monthly Obligation $2,406

HausQ Valuation Report
Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
18d
Score
19
Yield
4.0%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13861804
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 70.21 ft
Listed on site-Oct 5, 2026
Style-Bungaloft
Building Type-Detached
Age-51-99
Taxes-$1,381 (2026)
Parking-2 - None
Basement-None
Heating-Radiant (Electric)
Brokerage-Century 21 Lanthorn Real Estate Ltd
Cooling-Other
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Vinyl Siding, Board & Batten
Roof-Metal
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wellington Ward
Title-Residential Freehold

No agent assigned

Big County appeal. Small carrying costs. Welcome to 314 Second Ave-an affordable, fully furnished, turnkey opportunity in the heart of Wellington! This charming two-bedroom, one-bathroom home is steps from downtown cafes, restaurants, shops and the beach. Park the car and enjoy village life in this location that is tough to beat. Well maintained and full of character, the home features a cozy natural gas fireplace, a main-floor bedroom with handy office space, main-floor laundry, an upstairs loft bedroom and a metal roof. The lovely private backyard offers a peaceful spot for morning coffee or relaxing after a day exploring the County. An established, licensed Airbnb with excellent guest reviews and revenue, the property also serves as a great place to host friends and family for extended visits. Offered fully furnished, it's ready to enjoy as your home or County getaway, with rental potential adding to the appeal. Low property taxes and modest utility costs help keep ownership accessible. Location, affordability and a little Wellington charm. This could be your best move yet!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$2,406/mo
Mortgage $1,916
Monthly Loss $1,902
Principal$504
Interest$1,412
Property Tax$115
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.7%17
10-Year IRR
8.1%
Returns Index
9.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$19,200/yr
NOI
$11,399/yr
Net Cash Flow
-$966/mo
Cash Margin
-60.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
30.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 314 Second Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.