5 Chestnut Street Charlottetown, Prince Edward Island C1A 1Z5
$575,000
Welcome to the heart of Charlottetown, where we present an outstanding income property - a fully renovated triplex offering a unique investment opportunity. Located in the vibrant heart of Charlottetown, this triplex boasts an ideal location, surrounded by a thriving community and close to all amenities. With a convenient location, tenants will enjoy easy access to schools, shopping centers, parks, and public transportation. The property underwent a complete renovation in 2016, leaving no detail untouched. From top to bottom, everything has been upgraded to ensure modern comfort and functionality. Updates include new windows, doors, flooring, kitchens, and bathrooms, showcasing contemporary design and high-quality materials throughout. The triplex is equipped with high-end efficiency features, such as a modern furnace, water heater, and stainless-steel flue liner, ensuring reduced utility costs and increased overall efficiency. Investors will appreciate the peace of mind that comes with a new roof, updated electrical and plumbing systems, and new decks, all of which contribute to the property's long-term durability and low maintenance. One of the most attractive aspects of this triplex is its exceptional cash flow. With three units generating rental income, this property provides a steady and impressive return on investment. Additionally, the incredibly low vacancy rate adds to the attractiveness of this income-generating asset. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer interested in an income property, this triplex in the heart of Charlottetown offers an opportunity that is hard to resist. Take advantage of this fantastic investment and secure your financial future with this thriving income property. Don't miss out on this gem in one of the most sought-after locations in Charlottetown! All measurements appox. (id:49534)
Property Details
| MLS® Number | 202315832 |
| Property Type | Multi-family |
| Community Name | Charlottetown |
| Amenities Near By | Park, Playground, Public Transit, Recreation, Shopping |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Amenities | Cable Tv |
| Appliances | Oven, Dishwasher, Washer/dryer Combo, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Flooring Type | Ceramic Tile, Hardwood, Laminate |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters, Hot Water |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Recreation, Shopping |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/25891957/5-chestnut-street-charlottetown-charlottetown
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July 31 2023 05:38:51
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty