239 Cumberland Street Charlottetown, Prince Edward Island C1A 5C8
$985,500
239 Cumberland Street!...This is an exceptional income property nestled in the heart of Charlottetown, offering convenience, comfort, and a promising investment opportunity. This restored building stands within walking distance to downtown, Holland College, and an array of amenities, ensuring a desirable location for tenants and investors alike. The property has undergone significant upgrades, including a new roof, new siding, high-efficiency furnace, fiberglass oil tank, and installation of two brand new electric hot water tanks. These updates enhance the property's longevity and efficiency, reducing maintenance costs for the owner. With eight rental units, this property offers a steady stream of income for the discerning investor. The units are in high demand due to their convenient location and well-maintained amenities, ensuring consistent occupancy and a healthy return on investment. Each unit is equipped with its own washer/dryer and heat pump, providing tenants with convenience and comfort. Off-street parking further adds to the appeal of the property, enhancing tenant satisfaction and attracting potential renters. The units at 239 Cumberland Street are in high demand, with a track record of being easily rented out. The property's prime location, coupled with its historical charm, make it a sought-after choice among tenants. The combination of recent upgrades, prime location, and high demand for rental units ensures both short-term profitability and long-term appreciation potential. Whether you're a seasoned investor looking to expand your real estate portfolio or a newcomer to the market seeking a reliable investment, 239 Cumberland Street offers the perfect blend of income potential and property value appreciation. Don't miss out on this chance to own a piece of Charlottetown's thriving rental market. (id:50344)
Property Details
| MLS® Number | 202406459 |
| Property Type | Multi-family |
| Community Name | Charlottetown |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Flooring Type | Ceramic Tile, Hardwood, Linoleum, Wood |
| Foundation Type | Concrete Block, Poured Concrete, Unknown |
| Heating Fuel | Electric, Oil |
| Heating Type | Baseboard Heaters, Furnace, Wall Mounted Heat Pump, Hot Water |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Type | Multi-family |
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April 08 2024 10:39:12
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty