16-18 Spring Park Road, Charlottetown, Prince Edward Island C1A 3X6

Listed for:
$649,000
0 beds
0 baths
Listed 35 days ago
Triplex for rent: 16-18 Spring Park Road, Charlottetown, Prince Edward Island C1A 3X6

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About

Prime downtown Charlottetown triplex offering location, stability, and strong income performance. Situated close from cafés, restaurants, schools, shopping, and the waterfront, this fully rented multi-unit property sits in one of the city?s most walkable and consistently high-demand rental corridors. The building features three self-contained units (2 x 3-bedroom units and 1-bedroom unit) generating $58,620 in annual gross income. Excellent opportunity for investors seeking a stabilized asset with proven cash flow or owner-occupiers looking to offset living expenses with rental revenue. Capital items addressed, included the roof replaced (2021) and a new oil-fired boiler system with fiberglass oil tank (2021) indirect water heater (2024). On-site parking spaces add significant downtown convenience and long-term tenant appeal. R3 zoning provides flexibility and strong underlying land value in the urban core. A rare opportunity to acquire a well-located, income-producing property in the heart of Charlottetown?s established downtown neighbourhood. Note list agent is also the property owner. (id:27476)

Property Highlights

MLS® Number
202603336
Type
Multi-family
Community Name
Charlottetown
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Building Type
Triplex
Storeys
3.00
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Hot Water, Radiant heat
Heating Fuel
Oil
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE PRINCE EDWARD REALTY
MLS® number:
202603336
Agent:
Daniel Rashed
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