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246-248 Cumberland Street|38 Longworth Street
Charlottetown Charlottetown C1A 5C7

$439,900
Other

Main Photo: 246-248 Cumberland Street|38 Longworth Street in Charlottetown: Other for sale : MLS®# 202413327
Photo 1: 246-248 Cumberland Street|38 Longworth Street in Charlottetown: Other for sale : MLS®# 202413327
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Status:
Active
Prop. Type:
Other
MLS® Num:
202413327
Bus Major:
Residential
Bus Minor:
Residential
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 and conveniences. Each unit is equipped with fridge, stove, washer and dryer and have 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:2493)
Property Type:
Other
Size Interior:
3,078 sq. ft.
Total Finished Area:
3,078 sq. ft.
Transaction Type:
For sale
Zoning:
Multi Unit
Ownership Type:
Freehold
Community:
Charlottetown
Amenities:
Highway, Public Transit, Shopping
Major Business Type:
Residential
Minor Business Type:
Residential
Age:
81 years
Construction Material:
Wood frame
Fireplace:
No
Fire Protection:
Smoke Detectors
Floor finish:
Other
# Storeys:
2.0
Water:
Municipal water
Land Amenities:
Highway, Public Transit, Shopping
Road Access:
Highway access
Acreage:
No
Lot Size:
3,397.68 sq. ft.
Lot Size:
0.0780|under 1/2 acre
Lot Details:
0.078
Parking Type:
Parking Space(s), Paved Yard
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Listed by COLDWELL BANKER/PARKER REALTY HUNTER RIVER
Data was last updated June 24, 2024 at 06:45 AM (UTC)
CHRISTINE MCALEER
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.