245 University Avenue Charlottetown, Prince Edward Island C1A 4M1
$1,100,000
Welcome to a rare investment opportunity in the heart of downtown Charlottetown, PEI. This mixed-use brick commercial/residential building offers strong potential for both investors and entrepreneurs alike. Included with the property is an additional R2-zoned lot, providing valuable flexibility for additional parking or future development. The property features an excellent walk score and a vacant commercial space ready for your vision and a little TLC. Whether you?re looking to establish your own business while generating supplemental rental income, or expand your real estate portfolio with a versatile downtown asset, this property checks all the boxes. Sizes are approximate and should be verified by the purchaser. (id:61399)
Property Details
| MLS® Number | 202612243 |
| Property Type | Multi-family |
| Community Name | Charlottetown |
| Amenities Near By | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Amenities | Air Conditioning |
| Appliances | Oven, Microwave, Refrigerator |
| Basement Type | Full |
| Constructed Date | 1962 |
| Cooling Type | Air Conditioned |
| Flooring Type | Other |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Oil |
| Heating Type | Furnace, Wall Mounted Heat Pump, Radiant Heat |
| Stories Total | 2 |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina |
| Sewer | Municipal Sewage System |
| Size Irregular | .13 |
| Size Total | 0.1300|under 1/2 Acre |
| Size Total Text | 0.1300|under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29808911/245-university-avenue-charlottetown-charlottetown
630 Water Street
Summerside, Prince Edward Island C1N 4H7
(902) 436-9251
(902) 436-9251
(902) 436-2734
https://www.royallepagepei.com/
Interested?
Contact us for more information
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May 26 2026 10:09:19
Prince Edward Island Real Estate Association
Royal LePage Country Estates 1985 Ltd