This award-winning Cuenca new construction home near San Sebas park has two fully-furnished condos on three levels, and is an ideal investment with immediate income potential. The elegant North American-style home is the perfect choice as a luxury, extended family home, a live-in and rental combo, or a home, with a separate work/office space. This new masterpiece home also has every bell and whistle imaginable and won the coveted “Best New Construction Award” from the city of Cuenca in 2018.
The downstairs, Condo #1 is 1,550 square feet and has two bedrooms, two bathrooms, an open-concept living area, and a sunroom.
The upstairs, Condo #2 is 2,300 square feet and has two floors, two master bedrooms, three bathrooms, two living areas, an office, and three outdoor areas that are approximately 300 square feet.
Both are fully-furnished, with top-of-the-line furnishings and appliances. The entire building is being sold as one unit. The condos are not available for individual sale at this time.
Located in the heart of El Centro’s historic district, steps away from the beautiful San Sebastian Park with its cafes and restaurants, and just minutes walking distance to the center’s favorite attractions, this is the ideal downtown property. Two blocks from a tram station make travel easy without the headaches of owning a car. And, the river is only two blocks and down some stairs. But it’s what’s inside as you enter this exceptional home, that is truly remarkable.
The quality of construction is unsurpassed. The condos were built to the highest North American standards. Every detail was considered from 4-zoned heated Italian porcelain floors, double pane soundproofing, an activated carbon whole-house air filtration system and Pure Pro reverse osmosis drinking water; to vaulted spacious rooms, a 120-liter electric water holding tank with gas hot water refill (endless hot water at low electric cost), Fiber Optic Internet plus 1Gb cat6 wiring throughout and a vented tile roofing system with marine grade decking.
The gourmet cook’s kitchens have large islands, granite countertops, roomy wooden cabinets, and stylish open shelving. The kitchens also have GE refrigerators, GE Profile dishwashers, optional gas or electric cooktops, Kohler stainless steel sinks, and commercial kitchen exhaust systems.
The building is also an Earthquake resistant engineered designed home that also has Marine grade plywood decking with 3mm underlayment, LED lighting throughout, warm brick walls and accents, wooden cabinetry, and other upgrades too numerous to mention.
More than $40,000 in new appliances, furnishings, and upgrades were installed in each of these contemporary open concept, condos.
This is an unbelievable deal for any investor or a potential homeowner looking to live or invest in this highly desirable Cuenca, Ecuador destination. The lower unit has proven to successfully bring $1150 a month in rental income, while the upper 2-story unit can command $1500 a month.
For short term rent through Airbnb, the rental fees are much higher. The upper unit for a month is $3,400.00 – $3,800.00
Utilities including gas, electric, and Internet are approximately $90-$170 per unit. The cost of the electric floor heating varies dependent upon usage.
Property taxes for the entire building are $160.00 per year.
The listing price for this award-winning Cuenca new construction home near San Sebas park is $759,000 negotiable.