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16-18 spring park Road
Charlottetown Prince Edward Island C1A3X6 Canada

$649,000

Active Listing ID 202603336
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Multi-family

$649,000

Active Listing ID 202603336
Save

16-18 spring park Road 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Floor Covering: Hardwood, Laminate, Vinyl
  • Heating Systems: Baseboard heaters, Radiant heat, Oil, Hot Water
  • Additional Features
  • Basement
Listing Changed: 2/25/2026 7:50:22 PM GMT
Source Updated Date: 2/26/2026 8:18:01 PM GMT

Courtesy of: Daniel Rashed, , ROYAL LEPAGE PRINCE EDWARD REALTY