The gross rent revenue is over $180000/y excluding HST currently, long term leases are on commercial units, fully rented. This is a great location and profitable DMUN zoned multi use heritage property sitting in the heart of Charlottetown, across from the city fire department. The property is made up of 3 buildings (red, yellow and green), contains 7 apartments, 6 offices and 1 restaurant. This rent revenue always produced significant income for owner. Financials are available for serious purchaser. Because there are both multi family units and commercial units, some part of the property will be subject to HST. Please note all showings will require at least 24 hours notice. Heating for the property is from the PEI Energy system. Vendor has made a list of upgrades including a brand new roof in the end of 2022. Any and all measurements are approximate. The lot size is from the PEI tax records. Don’t miss the Inflation-Resistant investment property! (id:30983)
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