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1168 Burlington Rd
Score
0
Grenville Parish, PE

1168 Burlington Rd

579K
0 bd • 0 ba • 0 sf

This analysis was generated on 2/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$579,000

Price/Sq.Ft

$∞

Year Built

1962

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Unique historical property: The Woodleigh Castles offer a rare opportunity to own a piece of local history. The replicas of iconic British landmarks add significant character and intrigue to the property. • Large 5-acre lot: The spacious lot provides ample room for development and expansion, subject to zoning regulations. This could include adding additional structures, creating gardens, or establishing recreational areas. • Potential for diverse uses: The property description suggests possibilities for a private retreat, event venue, or luxury resort. This flexibility could appeal to a variety of buyers with different visions for the property. • Proximity to PEI attractions: The property is described as being "within easy reach of PEI's beaches, amenities, and vibrant culture." This convenient location could attract tourists and residents alike.

The Bad

• Significant restoration required: The property description indicates that "recent updates have begun preserving its timeless charm," but the overall condition of the structures is unknown. Given their age (constructed in 1957), substantial restoration work is likely needed, including potential repairs to the foundation, masonry, and roofing. Without detailed inspection reports, estimating the full scope and cost of these repairs is challenging. • Lack of essential information: The listing omits crucial details such as the number of bedrooms and bathrooms, the square footage of any existing structures, and information about utilities (water, sewer, electricity). This lack of transparency makes it difficult to assess the property's potential for residential or commercial use. • Rural location challenges: Grenville Parish is described as a rural area with potential limitations regarding internet access, amenities, and job opportunities. These factors may deter some buyers, particularly those seeking a convenient or urban lifestyle.

The Ugly

• Undefined median income: The listing states the median income is undefined. This makes it hard to compare the asking price to the area's income levels. • Unknown square footage: Since the square footage is unknown, it's impossible to determine if the asking price is reasonable for the amount of liveable space. • No information about utilities: The property has no listed heating/cooling. It also contains the statement "none", implying there are no other utilites available. This could make the property very hard to live in as is.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking a unique tourism or event venue: The property's existing castle replicas and 5-acre lot provide a distinctive foundation for a themed attraction, wedding venue, or specialized lodging experience. Proximity to PEI's beaches and attractions enhances its appeal to tourists. • Buyers with a passion for historical restoration and architectural preservation: The Woodleigh Castles offer a rare opportunity to revitalize a local landmark. Individuals with experience in historical renovations or a strong appreciation for unique architecture would find this property particularly appealing. • Individuals or groups looking for a private retreat with development potential: The 5-acre lot offers ample space for expansion and customization, allowing buyers to create a secluded estate or multi-unit complex (subject to zoning regulations). The existing castle structures can be integrated into the overall design, providing a distinctive focal point. • Buyers comfortable with rural living and the responsibilities of maintaining an older property: The property's location in Grenville Parish requires a willingness to embrace a rural lifestyle, including potential challenges related to well/septic systems, seasonal weather, and limited local amenities. The age of the structures suggests a need for ongoing maintenance and potential repairs.

Not For

• Buyers seeking a move-in-ready home with modern amenities: The property requires significant restoration and renovation to be habitable and does not offer standard amenities. • Individuals with limited financial resources or risk tolerance: The cost of restoring and maintaining the property could be substantial, and there is no guarantee of financial return. • Those who prefer urban living or require easy access to amenities: The rural location of the property may not be suitable for those who value convenience and proximity to urban centers. • Buyers seeking a property with a clear and immediate income stream: The property's income potential is dependent on successful restoration and development, which may take considerable time and investment.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline
$72,500Financed
Sep 29, 2014
Fannie Mae, Federal National Mortgage AssociationVictoria Gates
Special Warranty Deed
Standard Sale (Purchase/Resales)
$30,000Cash Purchase
Oct 12, 2012
Erdell Harris, Betty MillerFederal National Mortgage Assocation
Foreclosure
Foreclosure
$0Cash Purchase
May 22, 2008
Betty MillerErdell Harris
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Sep 11, 2002
Erdell HarrisBetty Miller
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• High restoration costs: The castle replicas, built in 1957, likely require significant repairs to structural elements, electrical systems, and plumbing. Initial restoration costs could easily exceed $100,000, with ongoing maintenance expenses adding to the financial burden. • Zoning and regulatory hurdles: Development plans may be subject to strict zoning regulations and building codes, potentially limiting the scope of renovations or expansions. Navigating the permitting process could be time-consuming and costly. • Limited market appeal: The unique nature of the property may narrow the pool of potential buyers, making it difficult to resell quickly or at a desired price. A thorough market analysis is crucial to assess the potential for appreciation and resale value. • Environmental risks: Older properties may contain hazardous materials such as asbestos or lead paint, requiring costly remediation. A comprehensive environmental assessment is recommended to identify and address any potential risks. • Vandalism and security: The property's historical significance and unusual features may make it a target for vandalism or theft. Implementing security measures, such as fencing, surveillance cameras, and alarm systems, is essential to protect the property.

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Financials

Monthly Costs
Market Rent (0 bed)

$0

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