$1,190,000
FOR SALE

Commercial/Retail

51 Grafton Street
Charlottetown, PE C1A 1K8

Discover an exceptional investment asset located at a prominent, high-traffic intersection in the vibrant center of downtown Charlottetown. This distinguished three-story building seamlessly blends commercial stability with residential comfort, offering a proven track record of income generation. The ground floor features established commercial retail space with a legacy of over 20 years of successful restaurant operations, ensuring high visibility and consistent foot traffic. The upper two levels are comprised of three spacious residential units, two of the units are a two-bedroom, one-bathroom layout, and the third is a three bedroom, one bathroom layout. The building is currently 100% occupied, providing immediate cash flow for the new owner. Ideally situated for both tenants and clientele, the property is surrounded by major office buildings, commercial centers, and shopping venues. As a hub for summer tourism, the location benefits from the seasonal influx of visitors while maintaining a steady local clientele year-round. Uniquely for the downtown core, the property includes a private two-car driveway for the owner's exclusive use, while tenants and customers enjoy the convenience of ample surrounding street parking. Whether you are a seasoned investor seeking a turnkey portfolio addition or looking for a mixed-use property for personal ownership, this building represents a rare opportunity in PEI?s capital. (id:47421)
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Listed By ROYAL LEPAGE PRINCE EDWARD REALTY
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202528906
Last Updated May 15, 2026
Property Summary
Property Type Commercial/Retail

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Community Charlottetown
Price History

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Detailed Information
Amenities Nearby Public Transit
Community Features High Traffic Area
Equipment Propane Tank
Features Paved driveway
Listing Contract Date 2025-12-02
Municipal ID 342253
Ownership Type Freehold
Property Type Other
Rental Equipment Propane Tank
Transaction Type For sale
Zoning Description Mixed Comm
Business
Business Type Other, Restaurant, Residential
Business Subtype Other, Restaurant, Residential
Building
Constructed Date 2025
Flooring Type Concrete, Other
Utility Water Municipal water
Parking Spaces
Name Spaces
Other
Land
Total Size 0.1 acres
Amenities Public Transit
Size of Irregular Land 0.1

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