246-248 Cumberland Street, Charlottetown, PE, C1A 5C7

Property Information:

This beautiful Triplex apartment building with onsite parking in the heart of Charlottetown, near Holland College and walking distance to all of the amenities is being Sold Vacant. New owner can live there or choose their own tenants. 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. Each apartment is equipped with fridge, stove, washer, and dryer and their own private entrances, and electrical convection heat. Apartments in this area are in high demand. 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 other two apartments. 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 newly shingled roof on the southside of the building, 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.