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Unit 2 70 NICHOLAS Lane, Charlottetown, PE, C1E 0H4

MLS® # 202419784
Commercial For Sale In West Royalty, Charlottetown, Prince Edward Island
$398,000
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
Unit 2 70 Nicholas Lane, Charlottetown, PE
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Unit 2 70 NICHOLAS Lane, Charlottetown, PE, C1E 0H4
$398,000

Property Information:

This 5 year old commercial space presents a fantastic investment opportunity, especially suited for contractors or those in need of commercial storage. The property features a 20 foot high ceiling, offering ample vertical space, along with an office, bathroom, heat pump, and electric water heater for comfort and convenience. The automatic rolling shutter bay door ensures easy access, and the property includes seven exclusive parking spaces, ideal for both employees and customers. Located in a prime spot on the Trans Canada Highway, this property benefits from high visibility, with the added advantage of being next to the new Nissan dealership and near the Charlottetown shopping mall. This location provides excellent opportunities for free advertising due to the high traffic in the area. The condo fee is $2,000 per year, covering essential services such as water, sewage, condo insurance, grass cutting, and snow removal. The space is currently occupied by a long-term tenant, making it a secure and steady investment. All measurements are approximate and should be verified by purchaser if deemed necessary. Listing agent is related to one of the Vendors.

Property Features:

  • Building Amenities: Air Conditioning, Air Conditioning
  • Building Features: Doors 10 - 15 Feet, Storage Building
  • Built in: 2020
  • Construction: Concrete
  • Documents on File: Floor Plan
  • Driveway/Parking: Multi, Parking Spaces(s), Paved, Visitor Parking
  • Fire Protection: Smoke Detector
  • Floor Space (approx): 1070 Square Feet
  • Flooring: Concrete, Heavy Loading
  • Fuel Type: Electric
  • Heating/Cooling Type: Heat Pump -Ducted
  • Lot Size: N/A
  • Property Size: Under 0.5 Acres
  • Rental Equipment: None
  • Roof: Asphalt Shingle
  • Site Influences: Cleared, Highway Access, Cleared, Highway Access
  • Sub-type: Office, Warehouse
  • Title to Land: Freehold
  • Utilities: Municipal Water
  • Water Source: Municipal

Courtesy of: EXIT REALTY PEI

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 Unit 2 70 NICHOLAS Lane, Charlottetown, PE, C1E 0H4

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

39 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

39 hot days expected in 2050

35/100

Moderate-Low

ClimateCheck®

Current data

This property, Unit 2 70 NICHOLAS Lane , experiences 7 hot days per year at around 23.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 39 hot days at 26.4 degrees Celsius.

Projected Avg. Temperature

Past
23.6℃
2050
26.4℃

# Hot Days Per Year

Past
7
2050
39

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, Unit 2 70 NICHOLAS Lane , 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 Unit 2 70 NICHOLAS Lane, Charlottetown, PE, C1E 0H4

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$102,400.42

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.24 %

High school certificate or equivalent

25.2 %

Apprenticeship trade certificate/diploma

2.86 %

College/non-university certificate

22.71 %

University certificate (below bachelor)

1.41 %

University Degree

37.57 %

Commuter

Travel To Work

By Car

95.11 %

By Public Transit

2.48 %

By Walking

0.6 %

By Bicycle

0.0 %

By Other Methods

1.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.28 %

Houses

51.72 %

Own Vs. Rent