Welcome to 73 Euston Street, a rare multi-unit investment opportunity located in the centre of downtown Charlottetown. Situated on 0.258 acres, this solid brick construction building has been well cared for over its 50 years and offers incredible potential for value-add investors. Spanning 7,200 sq. ft., the property consists of 15 apartment units: 7 bachelor units 5 one-bedroom units 3 two-bedroom units Each of the 12 above-grade units features its own 3'6" x 8' private patio, adding desirable outdoor space for tenants. The basement level includes 3 units, a coin-operated laundry room, and individual storage lockers for each unit. The building includes a paved parking lot, offering one parking space per unit, an excellent amenity in the downtown core. Five units are currently vacant and require upgrades, creating outstanding upside for an investor looking to renovate and increase rental income. With the strong demand for downtown housing, this property presents a prime opportunity to reposition and elevate the asset. Additional features include an NTI Oil-Fired Boiler, only 7 years old, providing efficient heat to the building. Whether you?re expanding your portfolio or entering the multi-unit market, 73 Euston Street delivers location, structure, and significant value-add potential. (id:27476)
