$439,900
FOR SALE

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Bedrooms: 4Bathrooms: 3

246 Cumberland Street
(248 Cumberland Street and 38 Longworth Street)
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 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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Listed By COLDWELL BANKER/PARKER REALTY HUNTER RIVER
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202413339
Last Updated Jul 02, 2024
Property Summary
Property Type Link

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Community Charlottetown
Price History

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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
FoyerSecond level6 x 11 (248 Cumberland)
Dining roomSecond level12x12 (248 Cumberland)
Living roomSecond level12x12 (248 Cumberland)
KitchenSecond level7.6x12.4 (248 Cumberland)
Bath (# pieces 1-6)Second level12.3 x 9 (248 Cumberland)
Laundry roomSecond level13 x 9 (248 Cumberland)
Primary BedroomSecond level15 x 11.7 (248 Cumberland)
BedroomSecond level15 x 11.7 (248 Cumberland)
Living roomMain level18 X 13.2 (246 Cumberland)
KitchenMain level11.8 X 12.6 (246 Cumberland)
Bath (# pieces 1-6)Main level7 x 6 (246 Cumberland)
BedroomMain level11.9 x 9 (246 Cumberland)
OtherMain levelDeck 9 x 10 (246 Cumberland)
StorageMain level4 x 8 (246 Cumberland)
OtherMain levelGarage 20 x 26 (246 Cumberland
Living roomMain level17.5 X 15 (38 Longworth)
FoyerMain level6 x 5 (38 Longworth)
BedroomMain level12 x 14 (38 Longworth)
KitchenMain level14 x 8.7 (38 Longworth)
Laundry roomMain level4 x 6 (38 Longworth)
Bath (# pieces 1-6)Main level7.3 x 6.10 (38 Longworth)
OtherMain levelWalkin 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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