Property
Type, style and structure
- Type
- residential
- Style
- multi-family
- Ownership
- Freehold
- Stories
- 2
- Year Built
- 1968
+21 more
0.114 ac
Lot
1968
Year Built
Property Snapshot
Key details for this listing
MLS #202625207
Lot
Land, frontage and setting
- Lot
- 0.114 ac - 0.114
- Zoning
About This Property
This multi-family in Charlottetown offers a 0.114 ac lot. Built in 1968, 2 storeys. The property has lot dimensions of 0.114, zoned Multi-Family. The home features ceramic tile and vinyl flooring, oil, hot water heating.
MLS Remarks
Five-unit Apartment Building in Central Charlottetown This Five-unit Apartment Building presents an Excellent Opportunity for Investors looking to Expand their Real Estate Portfolio in Charlottetown. The building features a Desirable mix of rental accommodations, including two One-bedroom units, two Two-bedroom units, and one Three-bedroom unit. This variety offers flexibility in attracting tenants with different housing needs. The property has benefited from Many Updates, including Vinyl Windows, New Roof Shingle in 2023 and is built on a Full Concrete Foundation, providing a solid base for this Sturdy and Structurally Sound Building. Conveniently located in Central Charlottetown, it offers easy access to Public Transportation, with a bus route nearby, as well as on-site parking for added convenience. The building is Fully Rented, providing Investors with Established Rental Income from all Five Units. Its Central Location, variety of unit sizes, Many Updates, and Full Concrete Foundation make it an appealing option for Investors seeking a Multi-unit Rental Property. With a Strong Capitalization rate of 7.15% and an asking price of Only $709,000, this property offers Investors an Opportunity to Acquire an Established, Income-producing property and Build Long-Term Real Estate Ownership in Charlottetown. Whether you are an Experienced Investor looking to Expand your Portfolio or Considering your First Multi-Unit Investment, this property is worth a closer look. (id:60351)
Full Listing Details
Address23 Kensington Road
MLS#202625207
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market19
Common InterestFreehold
Annual Tax$7,183 (2026)
Parking TypeParking Space(s)
Structure TypeApartment
AttachedAttached
Year Built1968
Building FeaturesLaundry Facility, Cable TV
CityCharlottetown
ProvincePrince Edward Island
Postal CodeC1A5H6
Lot Size0.114 ac
Lot Dimensions0.114
ZoningMulti-Family
Parking FeaturesParking Space(s)
HeatingOil, Hot Water
FlooringCeramic Tile, Vinyl
FoundationPoured Concrete
AppliancesWasher, Dryer - Electric, Refrigerator, Dishwasher, Stove, Oven
ExteriorWood shingles
CommunitySchool Bus
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$7,183 (2026)
Corner of Kensington road and Belmont Street
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