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159 John Yeo Drive, Charlottetown, PE, C1A 8C4

MLS® # 202507004
Commercial In West Royalty, Charlottetown, Prince Edward Island
$2,399,000
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE
159 John Yeo Drive, Charlottetown, PE, C1A 8C4
$2,399,000

Property Information:

This 8,500 square foot multi-tenant commercial strip mall presents an excellent investment opportunity with strong returns and minimal maintenance. The building features six fully leased suites ranging from 1,040 to 1,664 square feet, offering flexible usage options. With a strong net operating income and a favourable cap rate, this property is a low-risk asset in a heavy traffic commercial area. This six-unit commercial building is home to six reputable businesses, ensuring a stable and diverse tenant mix. Each unit is fully leased to established companies, contributing to a reliable income stream and long-term investment security. With a strong tenant roster and a well-maintained property, this asset offers both stability and growth potential in a thriving commercial area. The site spans 0.72 acres and includes a large paved parking lot, providing ample space for tenants and visitors. The property is equipped with six grade-level loading doors, office, storage, and warehouse space, as well as a three-phase, 400 amp/600 volt electrical system. HVAC includes an electric heat boiler, with some units featuring heat pumps.

Property Features:

  • Annual Tax Amount: $0
  • Building Features: Doors 10 - 15 Feet
  • Built in: 2013
  • Conditional Clause: FIN, HINSP, INS
  • Documents on File: Financial Statements, Floor Plan
  • Driveway/Parking: Multi, Paved
  • Fire Protection: Smoke Detector
  • Floor Space (approx): 8500 Square Feet
  • Flooring: Concrete, Other
  • Fuel Type: Electric
  • Heating/Cooling Type: Heat Pump -Ductless, Radiant
  • Lot Size: 0.98
  • Property Size: 0.5 to 0.99 Acres
  • Rental Equipment: None
  • Roof: Rolled
  • Site Influences: Cleared, Public Transportation, Shopping Nearby, Visual Exposure, Industrial park, Cleared, Public Transportation, Shopping Nearby, Visual Exposure, Industrial park
  • Sub-type: Warehouse
  • Title to Land: Freehold
  • Utilities: Municipal Water
  • Water Source: Municipal

Courtesy of: RE/MAX CHARLOTTETOWN REALTY

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 159 John Yeo Drive, Charlottetown, PE, C1A 8C4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

32 hot days expected in 2050

35/100

Moderate-Low

ClimateCheck®

Current data

This property, 159 John Yeo Drive , experiences 7 hot days per year at around 27.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.6℃
2050
30.7℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

71/100

Moderate-High

ClimateCheck®

Current data

This property, 159 John Yeo Drive , experiences 11 significant 2-day storms per year, with about 362.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 462.4mm of precipitation per year.

Precipitation Per Storm

Past
362.3mm
2050
462.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 159 John Yeo Drive, Charlottetown, PE, C1A 8C4

Life Stage

Midlife Families

Employment Type

Service Sector/White Collar

Average Household Income

$115,688.58

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.0 %

High school certificate or equivalent

28.66 %

Apprenticeship trade certificate/diploma

7.2 %

College/non-university certificate

22.72 %

University Degree

25.43 %

Commuter

Travel To Work

By Car

97.55 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

2.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.71 %

Houses

75.29 %

Own Vs. Rent