16-18 Spring Park Road Charlottetown, Prince Edward Island C1A 3X6
$649,000
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. Note list agent is also the property owner. (id:56351)
Property Details
| MLS® Number | 202603336 |
| Property Type | Multi-family |
| Community Name | Charlottetown |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Range, Stove |
| Flooring Type | Hardwood, Laminate, Vinyl |
| Foundation Type | Stone, Unknown |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters, Hot Water, Radiant Heat |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29396534/16-18-spring-park-road-charlottetown-charlottetown
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February 25 2026 07:40:26
Prince Edward Island Real Estate Association
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