16-18 spring park Road

Charlottetown C1A 3X6

Prime downtown Charlottetown triplex offering location, stability, and strong income performance. Situated close from cafés, restaurants, schools, shopping, and the waterfront, this fully rented multi-unit property sits in one of the city?s most walkable and consistently high-demand rental corridors. The building features three self-contained units (2 x 3-bedroom units and 1-bedroom unit) generating $58,620 in annual gross income. Excellent opportunity for investors seeking a stabilized asset with proven cash flow or owner-occupiers looking to offset living expenses with rental revenue. Capital items addressed, included the roof replaced (2021) and a new oil-fired boiler system with fiberglass oil tank (2021) indirect water heater (2024). On-site parking spaces add significant downtown convenience and long-term tenant appeal. R3 zoning provides flexibility and strong underlying land value in the urban core. A rare opportunity to acquire a well-located, income-producing property in the heart of Charlottetown?s established downtown neighbourhood. (id:2493)