$ 439.900

246 Cumberland Street 248 Cumberland Street And 38 Longworth Street, Charlottetown

  • Bedrooms: 4
  • Bathrooms: 3
  • Living area: 3078 square feet
  • Type: Residential
  • Added: 165 days ago
  • Updated: 143 days ago
  • Last Checked: 10 hours ago
Income producing three unit apartment building with on-site parking in the heart of Charlottetown, near Holland College and walking distance to all of the amenities. These well kept and clean apartments include: One 2 bedroom unit, two 1 bedroom units, and one detached garage that is insulated and has heat, lights, and sealed exhaust fan. All units are equipped with the fridge, stove, washer and dryer and are nicely laid out with large living spaces. This property would be an easy property to own with the option of having all three units rented or with the option of living in the main level apartment that is closest to the detached garage and offers the most privacy conveniences. Each unit is equipped with fridge, stove, washer, and dryer and their own private entrances, and electrical convection heat. Units in this area are in high demand and the building currently have good tenants. This is a great opportunity for a potential buyer who is looking for a home in downtown Charlottetown, who can purchase and move into the main level dwelling unit such as 246 Cumberland St. and continue to rent out to the tenants in the other two units. Another benefit of being owner occupied is receiving the residential tax credit. Each unit has its own electrical metre and the building is equipped with four services metres and also has a full basement. Some of the updates include the purchase of a fridge, stove, washer, dryer, back up water valve installed in the basement for a preventative measures, inside painting, insulation, replacing door knobs, light fixtures, and sink drain kit. This property is perfect for any investor that is looking for a solid income building or a buyer who is looking for a home with garage that generates income to pay the mortgage. The garage is currently being used as a hobby woodworking workshop and the equipment is sold separately. All measurements are approximate. (id:1945)
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Property DetailsKey information about 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street

  • Heating: Baseboard heaters, Electric
  • Stories: 2
  • Year Built: 1943
  • Structure Type: House
  • Exterior Features: Vinyl
  • Foundation Details: Poured Concrete

Interior FeaturesDiscover the interior design and amenities

  • Flooring: Laminate, Ceramic Tile, Vinyl
  • Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
  • Bedrooms Total: 4
  • Above Grade Finished Area: 3078
  • Above Grade Finished Area Units: square feet

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street

  • Water Source: Municipal water
  • Parking Features: Paved Yard, Parking Space(s), Heated Garage
  • Lot Size Dimensions: 0.078

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold
  • Community Features: School Bus, Recreational Facilities

Utilities & SystemsReview utilities and system installations

  • Sewer: Municipal sewage system

Tax & Legal InformationGet tax and legal details applicable to 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street

  • Tax Year: 2024
  • Parcel Number: 364182
Room Dimensions
Type Level Dimensions
Living room Main level 18 X 13.2 (246 Cumberland)
Kitchen Main level 11.8 X 12.6 (246 Cumberland)
Bath (# pieces 1-6) Main level 7 x 6 (246 Cumberland)
Bedroom Main level 11.9 x 9 (246 Cumberland)
Other Main level Deck 9 x 10 (246 Cumberland)
Storage Main level 4 x 8 (246 Cumberland)
Other Main level Garage 20 x 26 (246 Cumberland
Living room Main level 17.5 X 15 (38 Longworth)
Foyer Main level 6 x 5 (38 Longworth)
Bedroom Main level 12 x 14 (38 Longworth)
Kitchen Main level 14 x 8.7 (38 Longworth)
Laundry room Main level 4 x 6 (38 Longworth)
Bath (# pieces 1-6) Main level 7.3 x 6.10 (38 Longworth)
Other Main level Walkin Closet 5.7x6 (38 Longw)
Foyer Second level 6 x 11 (248 Cumberland)
Dining room Second level 12x12 (248 Cumberland)
Living room Second level 12x12 (248 Cumberland)
Kitchen Second level 7.6x12.4 (248 Cumberland)
Bath (# pieces 1-6) Second level 12.3 x 9 (248 Cumberland)
Laundry room Second level 13 x 9 (248 Cumberland)
Primary Bedroom Second level 15 x 11.7 (248 Cumberland)
Bedroom Second level 15 x 11.7 (248 Cumberland)
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Nearby Listings Stat

Active listings
16
Min Price
$410,000
Max Price
$899,000
Avg Price
$636,763
Days on Market
103 days
Sold listings
5
Min Sold Price
$609,000
Max Sold Price
$839,000
Avg Sold Price
$723,400
Days until Sold
126 days

Nearby Places

Name
Type
Address
Distance
Holland College
It was formed by the Government of Prince Edward I...
0.4 km
Holland College
University
140 Weymouth St
0.4 km
Best Western Charlottetown
Lodging
238 Grafton St
0.5 km
Famous Peppers Restaurant
Restaurant
202 Kent St
0.5 km
Hunter's Ale House
Restaurant
185 Kent St
0.5 km
Tim Hortons
Meal takeaway
385 Grafton St
0.6 km
Charlottetown Thermal Generating Station
The plant is primarily used during periods of peak...
0.6 km
Lot 30
Restaurant
151 Kent St
0.7 km
Eastlink Centre
The Eastlink Centre (formerly known as the Charlot...
0.7 km
Cedar's Eatery
Restaurant
81 University Ave
0.7 km
STARBUCKS COFFEE
Cafe
56 University Ave
0.7 km
Maple Grille
Restaurant
67 University Ave
0.7 km
Additional Information about 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street

This House at 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street Charlottetown, PE with MLS Number 202413339 which includes 4 beds, 3 baths and approximately 3078 sq.ft. of living area listed on Charlottetown market by Christine McAleer - COLDWELL BANKER/PARKER REALTY HUNTER RIVER at $439,900 165 days ago.

We have found 6 Houses that closely match the specifications of the property located at 246 Cumberland Street 248 Cumberland Street And 38 Longworth Street with distances ranging from 2 to 9 kilometers away. The prices for these similar properties vary between 329,000 and 575,000.

The current price of the property is $439,900, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 19% down payment, the total amount borrowed would be $356,319. This would result in a monthly mortgage payment of $2,057 over a 25-year amortization period.

More Details?
Christine McAleer
  • Christine McAleer
  • COLDWELL BANKER/PARKER REALTY HUNTER RIVER
  • 902-394-2072
  • WebSite

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