Crapaud, PE C0A1J0 20417 TRANS CANADA HWY|Rte 1

The Howatt House, also known as the R.H. Cameron House, is a historic seven-unit investment property for sale at 20417 Trans Canada Highway in Crapaud, Prince Edward Island. Built in 1893 for Richard Hudson Cameron by master carpenter Nathan MacFarlane, this 2½-story residence, designed in the Stick style (a variation of Queen Anne Revival architecture), is listed on the Canadian Register of Historic Places (2015). Its fine craftsmanship, rare architectural style, steeply pitched roofline, brick chimney, and two-story projecting bays on the front elevation contribute to Crapaud?s heritage character. Later occupied by the Howatt family, the property remains a notable community asset. Situated on a private 1.1-acre lot with mature trees, just off the main highway in a rural setting with ample parking, the building consists of four 1-bedroom units and three 2-bedroom units. Four units have been fully renovated in the past four years, including new bathrooms, bedrooms, and living spaces. One additional unit had its bathroom replaced two years ago, and Unit 7 (2-bedroom) is currently mid-renovation, nearly gutted and ready for completion, with a projected market rent of $1,100-$1,200. Two units (1 and 3) have legacy tenants with below-market rents, and Units 1, 3, 4, 5, and 6 are eligible for the 2025 annual rent increase. The building is owner-managed and features recent upgrades, including new front, side, and back decks, new stoves, fridges, flooring, a front steel roof, and 25+ basement jack posts. In 2020, the basement was renovated with a new concrete abutment wall, 360m of weeping tile drainage to a sump pump, 2 mil poly, and 2 inches of gravel. All units, common areas, and the basement are heated with 8 heat pumps (9 heads) and electric hot water. Coin-operated laundry is privately operated. (id:7434)