260 Grafton Street

Charlottetown · MLS® 202608517

Condo · Multi-family · built 1929 · 183 days on market

listed by Kris Fournier, RE/MAX CHARLOTTETOWN REALTY

realtor's description

Excellent Investment Opportunity in Downtown Charlottetown! This well-maintained mixed-use building offers the perfect combination of commercial and residential income potential. The ground floor features a versatile commercial unit in a high-traffic area, ideal for retail or office space. The second level includes four residential apartments: one spacious 2-bedroom unit and three 1-bedroom units, all designed for comfortable urban living. Centrally located near Holland College and within walking distance to all of Charlottetown's amenities, this property is perfectly positioned for strong rental demand. The building was completely renovated in 2016, ensuring modern finishes and efficient systems throughout. Heating and cooling are provided by cost-effective electric systems for added convenience. With downtown mixed-use zoning, this property presents endless possibilities for both investors and business owners alike.

property details

type: Condo, Multi-family
parking: 0
year built: 1929
property tax: $5,551 / yr
days on market: 183
MLS®: 202608517

features

School Bus
Refrigerator
Stove

monthly cost

$7,429/mo

Mortgage $6,967 · Tax $463

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

estimated payment

$6,967/ monthly

loan $1,279,200

25-year amortization

down payment20% · $319,80020%+ 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: $810,807
cash to close: $319,800; down payment; transfer tax and fees not included
total paid: $2,090,007

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