Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
- Unfinished, Full
- Year Built
- 1979
+44 more
0.09 ac
Lot
1979
Year Built
Property Snapshot
Key details for this listing
MLS #202624044
Lot
Land, frontage and setting
- Lot
- 0.09 ac - 0.09
- Zoning
About This Property
This multi-family in Charlottetown offers a 0.09 ac lot. Built in 1979. The property has lot dimensions of 0.09, zoned Multi-Family. The home features vinyl flooring, baseboard heaters, oil, space heater, electric, wall mounted heat pump, furnace heating, a unfinished, full basement.
MLS Remarks
An exceptional opportunity in the heart of Charlottetown, 59?61 Spring Park Road offers an updated side-by-side duplex with excellent flexibility for investors, owner-occupiers, or multi-generational living. Unit 59 features three bedrooms and a refreshed bathroom, while Unit 61 offers two bedrooms and an updated full bathroom. Both units have undergone extensive renovations, including updated siding with added foil insulation, waterproof and scratch-resistant flooring, updated doors and trim, renovated kitchens, upgraded lighting and electrical work, and more. The previous oil heating system has been replaced with electric heat, providing a cleaner and more convenient heating option. The driveway along the left side of Unit 59 has been extended, providing additional off-street parking for multiple vehicles. Both units are now completely vacant, thoroughly cleaned, fully renovated, and move-in ready. This turnkey property allows the new owner to take possession with ease and without the need for immediate improvements or tenant transitions. The fully vacant status provides exceptional flexibility for an investor to select their own tenants and establish new leases, or for an owner-occupier to move into one unit while renting the other. Conveniently located in Charlottetown with easy access to schools, shopping, public transit, and everyday amenities, the property offers rental appeal and excellent income potential. Based on previous rental history, the property generated approximately $45,600 in annual rental income, with approximate annual expenses of $8,401, resulting in an approximate net income of $37,199. Whether purchased as a fully vacant investment property, an owner-occupied income property, or for multi-generational living, 59?61 Spring Park Road presents a rare turnkey opportunity in a convenient Charlottetown location. All measurements and financial information are approximate and should be independently verified by the purchaser if (id:60351)
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