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5 Chestnut Street Charlottetown, Prince Edward Island C1A 1Z5

Baseboard Heaters, Hot Water

$560,000

Welcome to the heart of Charlottetown, where we present an outstanding income property - a fully renovated triplex offering a unique investment opportunity. Located in the vibrant heart of Charlottetown, this triplex boasts an ideal location, surrounded by a thriving community and close to all amenities. With a convenient location, tenants will enjoy easy access to schools, shopping centers, parks, and public transportation. The property underwent a complete renovation in 2016, leaving no detail untouched. From top to bottom, everything has been upgraded to ensure modern comfort and functionality. Updates include new windows, doors, flooring, kitchens, and bathrooms, showcasing contemporary design and high-quality materials throughout. The triplex is equipped with high-end efficiency features, such as a modern furnace, water heater, and stainless-steel flue liner, ensuring reduced utility costs and increased overall efficiency. Investors will appreciate the peace of mind that comes with a new roof, updated electrical and plumbing systems, and new decks, all of which contribute to the property's long-term durability and low maintenance. One of the most attractive aspects of this triplex is its exceptional cash flow. With three units generating rental income, this property provides a steady and impressive return on investment. Additionally, the incredibly low vacancy rate adds to the attractiveness of this income-generating asset. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer interested in an income property, this triplex in the heart of Charlottetown offers an opportunity that is hard to resist. Take advantage of this fantastic investment and secure your financial future with this thriving income property. Don't miss out on this gem in one of the most sought-after locations in Charlottetown! All measurements appox. (id:30476)

Property Details

MLS® Number 202315832
Property Type Multi-family
Community Name Charlottetown
Amenities Near By Park, Playground, Public Transit, Recreation, Shopping
Community Features School Bus
Equipment Type None
Rental Equipment Type None

Building

Amenities Cable Tv
Appliances Oven, Dishwasher, Washer/dryer Combo, Refrigerator
Basement Development Unfinished
Basement Type Full (unfinished)
Flooring Type Ceramic Tile, Hardwood, Laminate
Foundation Type Poured Concrete
Heating Fuel Oil
Heating Type Baseboard Heaters, Hot Water
Type Triplex
Utility Water Municipal Water

Parking

Parking Space(s)

Land

Acreage No
Land Amenities Park, Playground, Public Transit, Recreation, Shopping
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre
Zoning Type Multi-family

https://www.realtor.ca/real-estate/25891957/5-chestnut-street-charlottetown-charlottetown

Interested?

Contact us for more information


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Daniel Rashed

(902) 314-6220
https://www.youtube.com/embed/QIukIUKox2w
www.danielrashed.com/

Royal LePage Prince Edward Realty
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E 3J3

(902) 628-6500
royallepagepei.ca/