116 Walthen Drive

Charlottetown · MLS® 202609132

Condo · Multi-family · built 1975 · 177 days on market

listed by Kris Fournier, RE/MAX CHARLOTTETOWN REALTY

realtor's description

Welcome to 116 Walthen Drive, a fantastic investment opportunity in the heart of Charlottetown. This well-maintained 6-unit apartment building offers a solid income stream with a desirable unit mix of five 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The property features a paved parking lot providing ample off-street parking for residents, as well as convenient coin-operated laundry, adding additional income potential. Each unit offers functional layouts with strong rental appeal in a consistently sought-after location. Situated close to amenities, schools, shopping, and transit, this property is ideally positioned for both tenant convenience and long-term value appreciation. Whether you?re looking to expand your portfolio or step into multi-unit investing, 116 Walthen Drive presents a turnkey opportunity in one of Charlottetown?s most desirable rental areas.

property details

type: Condo, Multi-family
parking: 0
year built: 1975
property tax: $10,121 / yr
days on market: 177
MLS®: 202609132

features

School Bus
Refrigerator
Stove

monthly cost

$4,107/mo

Mortgage $3,263 · Tax $843

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$3,263/ monthly

loan $599,200

25-year amortization

down payment20% · $149,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $379,796
cash to close: $149,800; down payment; transfer tax and fees not included
total paid: $978,996

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.