245 University Avenue

Charlottetown · MLS® 202612243

Condo · Multi-family · built 1962 · 151 days on market

listed by Jeff Rodgerson, ROYAL LEPAGE COUNTRY ESTATES 1985 LTD

realtor's description

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.

property details

type: Condo, Multi-family
parking: 0
year built: 1962
property tax: $6,595 / yr
days on market: 151
MLS®: 202612243

features

School Bus
Refrigerator
Oven
Microwave

monthly cost

$5,342/mo

Mortgage $4,793 · Tax $550

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

estimated payment

$4,793/ monthly

loan $880,000

25-year amortization

down payment20% · $220,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $557,778
cash to close: $220,000; down payment; transfer tax and fees not included
total paid: $1,437,778

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