245 Queen Street, Charlottetown, Prince Edward Island C1A4B9

245 Queen Street

Historic Charm Meets Investment Opportunity ? Welcome to 245 Queen Street! Step into the world of timeless elegance with this impressive brick six-unit apartment building situated Downtown Charlottetown. This property offers a rare blend of historical charm and modern appeal, and is available for 5-year financing below Prime Rate, making it a standout investment in the city’s bustling real estate market. This apartment building is strategically located on one of Charlottetown’s main streets, ensuring high visibility and easy access to the city?s vibrant urban life. While the building boasts a rich history, five out of six units have been thoughtfully upgraded to attractive modern standards, while tasteful historical influences are retained throughout the interior. This unique blend of old-world charm and contemporary comfort enhances the property?s overall appeal. The property offers four spacious 2-bedroom apartments and two generously sized 1-bedroom apartments. All units are currently leased to excellent tenants, providing a reliable cash flow and a strong income stream. Investors can secure this property with an attractive financing arrangement. Exact details of the financing rate are not provided publicly. Additionally, there’s an attractive fixed financing option for $780,000.00 at an incredibly low rate of 3.23% in place, with 5 years remaining on the financing agreement. The property has recently been appraised at $1.1 Million. This six-unit apartment building is not only a symbol of historical significance but also an excellent investment opportunity. With a blend of timeless character and modern appeal, this property is poised to attract tenants seeking a unique living experience in the heart of Charlottetown. Don’t miss this chance to invest in a property with strong cash flow potential and a location that ensures high tenant demand. (id:30983)

For Sale
: Charlottetown
: Public Transit, Shopping
: Freehold
: Apartment
: Multi-family
: Other, Laminate, Carpeted, Hardwood
Municipal water
: Municipal Sewage System
: Stone
: Full
: Baseboard Heaters, Hot Water, Radiator
: Stove, Refrigerator, Dryer, Washer
under 1/2 acre
Parking Space(s)
Public Transit, Shopping

245 Queen Street

Charlottetown, Prince Edward Island C1A4B9

MLS® #202320630
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