- Prince Edward Island
- Charlottetown
239 Cumberland St
CAD$985,500 Sale
239 Cumberland StCharlottetown, Prince Edward Island, C1A5C8
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ID202406459
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential Apartment
RoomsBed:0,Bath:0
Land Sizeunder 1/2 acre
Age
Listing Courtesy ofROYAL LEPAGE PRINCE EDWARD REALTY
Detail
Building
AppliancesStove,Dryer,Washer,Refrigerator
Basement DevelopmentUnfinished
Fireplace PresentFalse
Flooring TypeCeramic Tile,Hardwood,Linoleum,Wood
Foundation TypeConcrete Block,Poured Concrete,Unknown
Heating FuelElectric,Oil
Heating TypeBaseboard heaters,Furnace,Wall Mounted Heat Pump,Hot Water
Utility WaterMunicipal water
Basement
Basement TypeFull (Unfinished)
Land
Size Total Textunder 1/2 acre
Acreagefalse
SewerMunicipal sewage system
Surrounding
Zoning TypeMulti-Family
Other
Equipment TypeNone
Rental Equipment TypeNone
BasementUnfinished,Full (Unfinished)
FireplaceFalse
HeatingBaseboard heaters,Furnace,Wall Mounted Heat Pump,Hot Water
Remarks
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:22211)
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Location
Province:
Prince Edward Island
City:
Charlottetown
Community:
Charlottetown