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246-248 Cumberland Street, 38 Longworth Street Charlottetown, Prince Edward Island C1A 5C7

3078 sqft

$439,900

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:48050)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number 202413327
Property Type Other
Community Name Charlottetown
Amenities Near By Highway, Public Transit, Shopping

Building

Constructed Date 1943
Construction Material Wood Frame
Fire Protection Smoke Detectors
Flooring Type Other
Stories Total 2
Size Interior 3078 Sqft
Total Finished Area 3078 Sqft
Utility Water Municipal Water

Parking

Parking Space(s)
Paved Yard

Land

Access Type Highway Access
Acreage No
Land Amenities Highway, Public Transit, Shopping
Size Irregular 0.078
Size Total 0.0780|under 1/2 Acre
Size Total Text 0.0780|under 1/2 Acre
Zoning Description Multi Unit

https://www.realtor.ca/real-estate/27019145/246-248-cumberland-street-38-longworth-street-charlottetown-charlottetown

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