For Sale: 23 Kensington Road, Charlottetown, PE

About this home

Five-unit Apartment Building in Central Charlottetown This Five-unit Apartment Building presents an Excellent Opportunity for Investors looking to Expand their Real Estate Portfolio in Charlottetown. The building features a Desirable mix of rental accommodations, including two One-bedroom units, two Two-bedroom units, and one Three-bedroom unit. This variety offers flexibility in attracting tenants with different housing needs. The property has benefited from Many Updates, including Vinyl Windows, New Roof Shingle in 2023 and is built on a Full Concrete Foundation, providing a solid base for this Sturdy and Structurally Sound Building. Conveniently located in Central Charlottetown, it offers easy access to Public Transportation, with a bus route nearby, as well as on-site parking for added convenience. The building is Fully Rented, providing Investors with Established Rental Income from all Five Units. Its Central Location, variety of unit sizes, Many Updates, and Full Concrete Foundation make it an appealing option for Investors seeking a Multi-unit Rental Property. With a Strong Capitalization rate of 7.15% and an asking price of Only $709,000, this property offers Investors an Opportunity to Acquire an Established, Income-producing property and Build Long-Term Real Estate Ownership in Charlottetown. Whether you are an Experienced Investor looking to Expand your Portfolio or Considering your First Multi-Unit Investment, this property is worth a closer look. (id:63626)

Listed by: Aldo Di Bacco, ROYAL LEPAGE PRINCE EDWARD REALTY

Home facts and features

Price details

List Price

$709,000

Gross Taxes for 2026

$7,183

Home facts

Bedrooms

Full Bathrooms

Parking Details

Parking Space(s)

Property Type

Multifamily

Lot Size

4965 ft²

Depth

Year Built

Built in 1968 (58 yrs old)

Title

Freehold

Exterior Finish

Wood shingles

Heating Type

Oil, Hot Water

Features

Cable TV, Laundry Facility

Appliances

Dishwasher, Dryer - Electric, Oven, Refrigerator, Stove, Washer

Agent details

Primary Agent

Aldo Di Bacco

Primary Broker

ROYAL LEPAGE PRINCE EDWARD REALTY

Listing details

Days on REW

5 Days

MLS® Number

202625207

Source

Canadian Real Estate Association

Board

Prince Edward Island Real Estate Association

Is this your listing? Help it to stand out.

Mortgage Calculator

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Schools nearby

10 Schools are within 2km

Birchwood Intermediate School

n/a
7 - 9

Immanuel Christian School

n/a
K - 9

Prince Street Elementary School

n/a
K - 6

Parkdale Elementary School

n/a
K - 6

L. M. Montgomery Elementary School

n/a
K - 6

Montessori School Of Charlottetown

n/a
K - 6

St. Jean Elementary School

n/a
K - 6

Colonel Gray Senior High School

n/a
10 - 12

Spring Park Elementary School

n/a
K - 6

Queen Charlotte Intermediate School

n/a
7 - 9

23 Kensington RoadCharlottetown, PE, C1A 5H6