$439,900
FOR SALE

Triplex

246-248 Cumberland Street
(38 Longworth Avenue, Charlottetown)
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, 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 are 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 wood working workshop and the equipment is sold separately. All measurements are approximate. (id:47421)
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Listed By COLDWELL BANKER/PARKER REALTY HUNTER RIVER
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202413328
Last Updated Jun 10, 2024
Property Summary
Property Type Triplex

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Community Charlottetown
Price History

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Detailed Information
Amenities Nearby Golf Course, Park, Playground, Public Transit, Recreation, Shopping
Community Features School Bus
Equipment None
Listing Contract Date 2024-06-10
Location Description Corner of Cumberland St and Longworth St
Municipal ID 364182
Ownership Type Freehold
Property Type Multi-family
Rental Equipment None
Storage Storage
Structures Shed
Transaction Type For sale
Zoning Multi-Family
Building
Amenities Laundry Facility
Appliances Oven - Electric, Range, Dryer, Washer, Refrigerator
Constructed Date 1943
Exterior Finish Vinyl
Flooring Type Ceramic Tile, Laminate, Vinyl
Foundation Type Poured Concrete, Unknown
Heating Fuel Electric
Heating Type Baseboard heaters, Not known
Stories Total 2
Type Triplex
Utility Water Municipal water
Parking Spaces
Name Spaces
Parking Space(s)
Parking Space(s)
Land
Total Size under 1/2 acre
Amenities Golf Course, Park, Playground, Public Transit, Recreation, Shopping
Sewer Municipal sewage system

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