$550,000

For saleJust listed

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288 Grafton Street, Charlottetown - Multi-family for Sale

288 Grafton Street, Charlottetown, Prince Edward Island, C1A1L7

Listed Yesterday

Overview

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Listed by RE/MAX CHARLOTTETOWN REALTY

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For sale

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$469K

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Lot size 3,485 sq ft

Listed by ROYAL LEPAGE PRINCE EDWARD REALTY

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For sale

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$889K

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Listed by RE/MAX CHARLOTTETOWN REALTY

123 Parkside Drive, Charlottetown, Prince Edward Island, C1E1M5

For sale

12 days ago

$599K

123 Parkside Drive, Charlottetown, Prince Edward Island, C1E1M5

Listed by RE/MAX CHARLOTTETOWN REALTY

Investment analysis

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$550,000

Charlottetown

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This multi-family property in Charlottetown is for sale. It has been on the market 1 day, fresher than the Charlottetown average of 125 days.

Description

An excellent opportunity to add a multi-unit property to your investment portfolio in the heart of Charlottetown! 288 Grafton Street features four residential units, consisting of one one-bedroom unit and three two-bedroom units, offering a desirable mix of rental accommodations and multiple income streams under one roof. Whether you're an experienced investor looking to expand your portfolio or a first-time investor ready to enter the multi-unit market, this property offers plenty of potential. With four separate units, there is an opportunity to generate rental income while building long-term value in one of PEI's most established rental markets. A fantastic opportunity to invest in Charlottetown real estate and grow your portfolio. 4 UNITS / 7 BEDROOMS / $550,000. (id:66096)

Property Details

MLS®: 202627279
Property Type: Multi-family
Zoning: Multi-Family
Storeys: 3
Basement: Unknown
Heating: Oil, Hot Water
Garage: Gravel
Ownership: Freehold
Listed: Yesterday

Features

Appliances: Refrigerator, Oven - Electric, Cooktop - Electric
Flooring: Hardwood, Carpeted, Ceramic Tile
Foundation: Poured Concrete
Exterior: Wood siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Charlottetown listings, avg age

125d

List price

$550K

Haho

This multi-family in Charlottetown has been listed for 1 day, which is 124 days fresher than the city average of 125. Act while there is still low competition.

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Listed by RE/MAX CHARLOTTETOWN REALTY · Andrew Richardson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$550,000

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Est. property tax$413/mo

Total monthly$3,295

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$8,250

Est. closing costs$4,150

Total cash needed$42,400

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice