$439,900 FOR SALE

Commercial/Retail

246-248 Cumberland Street
(38 Longworth Street)
Charlottetown, PE C1A 5C7

Income producing three unit apartment building with on-site parking in the heart of Charlottetown, near Holland College and walking distance to all of the amenities. These well kept and clean apartments include: One 2 bedroom unit, two 1 bedroom units, and one detached garage that is insulated and has heat, lights, and sealed exhaust fan. All units are equipped with the fridge, stove, washer and dryer and are nicely laid out with large living spaces. This property would be an easy property to own with the option of having all three units rented or with the option of living in the main level apartment that is closest to the detached garage and offers the most privacy and conveniences. Each unit is equipped with fridge, stove, washer and dryer and have their own private entrances and electrical convection heat. Units in this area are in high demand and the building currently have good tenants. This is a great opportunity for a potential buyer who is looking for a home in downtown Charlottetown, who can purchase and move into the main level dwelling unit such as 246 Cumberland St. and continue to rent out to the tenants in the other two units. Another benefit of being owner occupied is receiving the residential tax credit. Each unit has its own electrical metre and the building is equipped with four services metres and also has a full basement. Some of the updates include the purchase of a fridge, stove, washer, dryer, back up water valve installed in the basement for a preventative measures, inside painting, insulation, replacing door knobs, light fixtures, and sink drain kit. This property is perfect for any investor that is looking for a solid income building or a buyer who is looking for a home with garage that generates income to pay the mortgage. The garage is currently being used as a hobby woodworking workshop and the equipment is sold separately. All measurements are approximate. (id:47423)

Share

Listed By COLDWELL BANKER/PARKER REALTY HUNTER RIVER
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202413327
Last Updated Jul 02, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Residential
Community Charlottetown
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Amenities Nearby Highway, Public Transit, Shopping
Listing Contract Date 2024-06-10
Location Description Corner of Cumberland St and Longworth St
Municipal ID 364182
Ownership Type Freehold
Property Type Other
Transaction Type For sale
Zoning Description Multi Unit
Business
Business Type Residential
Business Subtype Residential
Building
Constructed Date 1943
Construction Material Wood frame
Fire Protection Smoke Detectors
Flooring Type Other
Stories Total 2
Total Finished Area 3078 sqft
Utility Water Municipal water
Parking Spaces
Name Spaces
Parking Space(s)
Paved Yard
Land
Total Size 0.078
Access Type Highway access
Amenities Highway, Public Transit, Shopping
Size of Irregular Land 0.078

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.