$458,000

House For Sale In Spring Park, Charlottetown, Prince Edward Island

$458,000
  • 5

    Bedrooms

  • 3

    Baths

  • 0.07

    Lot Size

Property Information:

Two addresses. Two living spaces. One smart downtown investment. Located in the heart of Charlottetown and within walking distance of shops, restaurants, Holland College, the Waterfront area and everyday amenities, this well-maintained, newly renovated side-by-side duplex offers flexibility for investors and owner-occupiers alike. Live comfortably in one side while renting the other to help offset your mortgage-or add both units to your investment portfolio. Currently vacant, unit #32 provides an opportunity to select your own tenant or explore owner-occupancy. It features a spacious, open-concept kitchen, dining and living area with a newly installed heat pump. Patio doors open onto a quiet, fenced backyard. A generously sized bedroom, full bathroom and laundry area complete the main level. Upstairs, the large primary bedroom offers a walk-in closet and private ensuite bathroom. The tennant-occupied residence #30 features an open-concept kitchen and dining area with a new countertop, one bedroom and a renovated full bathroom. Two additional bedrooms are located upstairs. With five bedrooms and three full bathrooms in total, separate electrical meters and electric heating throughout, this property is designed for practical two-unit living. Numerous updates have been completed in recent years, making it an appealing opportunity in one of Charlottetown's most convenient locations. Whether you’re beginning your real estate investment journey, expanding an existing portfolio or looking for a home with income potential, this downtown duplex deserves a closer look. Approximate Historical. Gross Revenue 2025: $45,240 Approximate Historical Expenses: property taxes, water & sewer, internet, insurance- 2025 is $10,673 Approximate NOI-$34,567 GROSS RENTAL YIELD-9.88% CAP RATE- 7.55% All measurements are approximate and should be independently verified by purchasers if deemed necessary.

Property Features:

  • Bedrooms: 5
  • Bathrooms: 3
  • Annual Tax Amount: $7,028
  • Appliances Included: Stove, Dryer, Washer, Refrigerator
  • Basement: Full, Undeveloped
  • Building Style: 2 Storey
  • Built in: 1980
  • Community Features: Park, Public Transit, School Bus Service
  • Driveway/Parking: Concrete, Single
  • Exterior Finish: Vinyl
  • Features: Ensuite Bath
  • Floor Space (approx): 2019 Square Feet
  • Flooring: Ceramic, Hardwood, Laminate, Vinyl
  • Foundation: Concrete
  • Fuel Type: Electric
  • Heating/Cooling Type: Heat Pump -Ductless, Radiator
  • Land Features: Landscaped, Fenced
  • Lot Size: 0.07
  • Property Size: Under 0.5 Acres
  • Rental Equipment: None
  • Roof: Steel
  • Sewage Disposal: Municipal
  • Title to Land: Freehold
  • Utilities: Cable, Electricity, High Speed Internet, Telephone
  • Water Source: Municipal
  • Garage: None

Rooms:

  • Living Main Level 21.7 X 15 - Unit #32
  • Dining Main Level Combined
  • Kitchen Main Level Combined
  • Laundry Main Level 7.9 X 10.1
  • Bedroom Main Level 12 X 13.6
  • Bathroom Main Level 7.2 X 6
  • Primary Bedroom 2nd Level 12.4 X 13.5
  • Ensuite Bathroom 2nd Level 8 X 10.2
  • Other 2nd Level 10.2 X 4.6 - Closet
  • Living Main Level 12.4 X 16 - Unit 30
  • Dining Main Level Combined
  • Kitchen Main Level 7 X 9.7
  • Bedroom Main Level 14.9 X 8
  • Bathroom Main Level 8.4 X 5
  • Bedroom 2nd Level 11.8 X 12.2
  • Bedroom 2nd Level 12.9 X 8

Courtesy of: RE/MAX CHARLOTTETOWN REALTY

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