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246 Cumberland Street, 248 Cumberland Street And 38 Longworth Street Charlottetown, Prince Edward Island C1A 5C7

4 Bedroom 3 Bathroom
Baseboard Heaters

$439,900

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 conveniences. Each unit is equipped with fridge, stove, washer, and dryer and 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:54221)

Property Details

MLS® Number 202413339
Property Type Single Family
Community Name Charlottetown
AmenitiesNearBy Golf Course, Park, Playground, Public Transit, Shopping
CommunityFeatures Recreational Facilities, School Bus
Structure Deck, Patio(s), Shed

Building

BathroomTotal 3
BedroomsAboveGround 4
BedroomsTotal 4
Appliances Stove, Dishwasher, Dryer, Washer, Refrigerator
ConstructedDate 1943
ConstructionStyleAttachment Link
ExteriorFinish Vinyl
FlooringType Ceramic Tile, Laminate, Vinyl
FoundationType Poured Concrete
HeatingFuel Electric
HeatingType Baseboard Heaters
StoriesTotal 2
TotalFinishedArea 3078 Sqft
Type House
UtilityWater Municipal Water

Parking

Heated Garage
Parking Space(s)
Paved Yard

Land

AccessType Year-round Access
Acreage No
LandAmenities Golf Course, Park, Playground, Public Transit, Shopping
LandDisposition Cleared
Sewer Municipal Sewage System
SizeIrregular 0.078
SizeTotal 0.0780|under 1/2 Acre
SizeTotalText 0.0780|under 1/2 Acre

Rooms

Level Type Dimensions
Second Level Foyer 6 x 11 (248 Cumberland)
Second Level Dining Room 12x12 (248 Cumberland)
Second Level Living Room 12x12 (248 Cumberland)
Second Level Kitchen 7.6x12.4 (248 Cumberland)
Second Level Bath (# Pieces 1-6) 12.3 x 9 (248 Cumberland)
Second Level Laundry Room 13 x 9 (248 Cumberland)
Second Level Primary Bedroom 15 x 11.7 (248 Cumberland)
Second Level Bedroom 15 x 11.7 (248 Cumberland)
Main Level Living Room 18 X 13.2 (246 Cumberland)
Main Level Kitchen 11.8 X 12.6 (246 Cumberland)
Main Level Bath (# Pieces 1-6) 7 x 6 (246 Cumberland)
Main Level Bedroom 11.9 x 9 (246 Cumberland)
Main Level Other Deck 9 x 10 (246 Cumberland)
Main Level Storage 4 x 8 (246 Cumberland)
Main Level Other Garage 20 x 26 (246 Cumberland
Main Level Living Room 17.5 X 15 (38 Longworth)
Main Level Foyer 6 x 5 (38 Longworth)
Main Level Bedroom 12 x 14 (38 Longworth)
Main Level Kitchen 14 x 8.7 (38 Longworth)
Main Level Laundry Room 4 x 6 (38 Longworth)
Main Level Bath (# Pieces 1-6) 7.3 x 6.10 (38 Longworth)
Main Level Other Walkin Closet 5.7x6 (38 Longw)

https://www.realtor.ca/real-estate/27019812/246-cumberland-street-248-cumberland-street-and-38-longworth-street-charlottetown-charlottetown

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