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 conveniences. Each unit is equipped with fridge, stove, washer, and dryer and 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:47421)
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Detailed Information
Bedrooms
4
Bathrooms
3
Amenities Nearby
Golf Course, Park, Playground, Public Transit, Shopping
Community Features
Recreational Facilities, School Bus
Listing Contract Date
2024-06-10
Municipal ID
364182
Ownership Type
Freehold
Property Type
Single Family
Structures
Deck, Patio(s), Shed
Transaction Type
For sale
Building
Appliances
Stove, Dishwasher, Dryer, Washer, Refrigerator
Constructed Date
1943
Construction Style (Attachment)
Link
Exterior Finish
Vinyl
Flooring Type
Ceramic Tile, Laminate, Vinyl
Foundation Type
Poured Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Total Finished Area
3078 sqft
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Foyer
Second level
6 x 11 (248 Cumberland)
Dining room
Second level
12x12 (248 Cumberland)
Living room
Second level
12x12 (248 Cumberland)
Kitchen
Second level
7.6x12.4 (248 Cumberland)
Bath (# pieces 1-6)
Second level
12.3 x 9 (248 Cumberland)
Laundry room
Second level
13 x 9 (248 Cumberland)
Primary Bedroom
Second level
15 x 11.7 (248 Cumberland)
Bedroom
Second level
15 x 11.7 (248 Cumberland)
Living room
Main level
18 X 13.2 (246 Cumberland)
Kitchen
Main level
11.8 X 12.6 (246 Cumberland)
Bath (# pieces 1-6)
Main level
7 x 6 (246 Cumberland)
Bedroom
Main level
11.9 x 9 (246 Cumberland)
Other
Main level
Deck 9 x 10 (246 Cumberland)
Storage
Main level
4 x 8 (246 Cumberland)
Other
Main level
Garage 20 x 26 (246 Cumberland
Living room
Main level
17.5 X 15 (38 Longworth)
Foyer
Main level
6 x 5 (38 Longworth)
Bedroom
Main level
12 x 14 (38 Longworth)
Kitchen
Main level
14 x 8.7 (38 Longworth)
Laundry room
Main level
4 x 6 (38 Longworth)
Bath (# pieces 1-6)
Main level
7.3 x 6.10 (38 Longworth)
Other
Main level
Walkin Closet 5.7x6 (38 Longw)
Parking Spaces
Name
Spaces
Heated Garage
Parking Space(s)
Paved Yard
Land
Total Size
0.078
Access Type
Year-round access
Amenities
Golf Course, Park, Playground, Public Transit, Shopping
Disposition Features
Cleared
Sewer
Municipal sewage system
Size of Irregular Land
0.078
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