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245 University Avenue, Charlottetown, PE, C1A 4M1

MLS® # 202612243
Investment For Sale In Spring Park, Charlottetown, Prince Edward Island
$1,100,000 QuickQuoteTM: $874K - $1.1M
245 University Avenue, Charlottetown, PE
245 University Avenue, Charlottetown, PE
245 University Avenue, Charlottetown, PE
245 University Avenue, Charlottetown, PE
245 University Avenue, Charlottetown, PE
245 University Avenue, Charlottetown, PE
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245 University Avenue, Charlottetown, PE, C1A 4M1
$1,100,000

Property Information:

Welcome to a rare investment opportunity in the heart of downtown Charlottetown, PEI. This mixed-use brick commercial/residential building offers strong potential for both investors and entrepreneurs alike. Included with the property is an additional R2-zoned lot, providing valuable flexibility for additional parking or future development. The property features an excellent walk score and a vacant commercial space ready for your vision and a little TLC. Whether you’re looking to establish your own business while generating supplemental rental income, or expand your real estate portfolio with a versatile downtown asset, this property checks all the boxes. Sizes are approximate and should be verified by the purchaser.

Property Features:

  • Annual Tax Amount: $6,595
  • Built in: 1962
  • Lot Size: 0.13
  • Title to Land: Freehold

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Single family detached

-5.08%

Price change (1 year)

37.61%

Price change (5 years)

All Properties

-5.37%

Price change (1 year)

37.29%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 245 University Avenue, Charlottetown, PE, C1A 4M1

Demographic Information of 245 University Avenue, Charlottetown, PE, C1A 4M1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,660.16

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.68 %

High school certificate or equivalent

28.07 %

Apprenticeship trade certificate/diploma

3.78 %

College/non-university certificate

24.72 %

University certificate (below bachelor)

1.4 %

University Degree

30.36 %

Commuter

Travel To Work

By Car

62.25 %

By Public Transit

8.21 %

By Walking

25.05 %

By Bicycle

0.0 %

By Other Methods

4.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

57.31 %

Houses

42.69 %

Own Vs. Rent

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