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155 Cumberland Street Charlottetown, Prince Edward Island C1A 5C3

In Floor Heating

$1,935,000

A rare find in the Downtown Charlottetown core! 5.5% Investors cap rate and turn-key easy to manage (great tenants, rents and maintained building) Welcome to 155 Cumberland St, a 10-Unit apartment building tucked away on a private mature lot offering ample paved parking for all tenants. Walk to Holland College (a block away), the waterfront harbour front, and all downtown shops, restaurants and businesses. Well maintained and managed building with excellent clean tenants and always fully rented. The apartment building offers spacious 5x - 2 bedroom apartments and 5x -1 bedroom apartments. The top floor "Penthouse Suite" is approx. 1,500 sq. ft. with 2 bedrooms & 2 baths + laundry room, nice patio deck and mudroom entry. The buildings exterior is hardy plank with asphalt roof and many updates in the units over the few years. The building offers a coin operated laundry room, multiple large storage units in the lower level of the building for additional income. There is also great income potential to develop 2 additional "micro suite" apartments in the lower level of the building to be a total of 12 units. Apartment buildings like this only 19 years old, with concrete over pour on each floor for privacy in the heart of downtown don't come for sale often! Call for your personal viewing and for the financials and updates today. 48-hour notice to view and proof of ability to obtain financing is required. All measurements are approximate and should be verified, if deemed important. Sold as is where is. (id:43163)

Property Details

MLS® Number 202208651
Property Type Multi-family
Community Name Charlottetown
Amenities Near By Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina
Community Features School Bus
Equipment Type None
Features Balcony
Rental Equipment Type None
Storage Type Locker, Storage

Building

Amenities Laundry Facility
Appliances Stove, Dryer, Washer, Refrigerator, Intercom
Constructed Date 2003
Exterior Finish Vinyl
Flooring Type Carpeted, Concrete, Laminate, Tile
Foundation Type Poured Concrete
Heating Fuel Oil
Heating Type In Floor Heating
Type Apartment
Utility Water Municipal Water

Parking

Parking Space(s)
Parking Space(s)

Land

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

https://www.realtor.ca/real-estate/24339195/155-cumberland-street-charlottetown-charlottetown

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