314-316 Richmond Street

Charlottetown · MLS® 202614164

0 sq ft lot · House · Multi-family · 135 days on market

listed by Kris Fournier, RE/MAX CHARLOTTETOWN REALTY

realtor's description

Excellent turn key investment opportunity in the heart of downtown Charlottetown. This well-maintained 3-unit apartment building features two renovated 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 1-bathroom unit. All units are equipped with energy-efficient heat pumps and electric heat, providing comfortable heating and cooling year-round. Additional features include shared coin-operated laundry, ample parking, and a new roof installed in 2025. Ideally situated within the desirable Lot 500 zoning area, this property is just steps from Holland College, the Charlottetown waterfront, shopping, restaurants, parks, and all downtown amenities. With strong rental appeal and an unbeatable location, this is a fantastic opportunity for investors looking to add a quality income property to their portfolio.

property details

type: House, Multi-family
lot: 0 sq ft
parking: 0
property tax: $4,202 / yr
days on market: 135
MLS®: 202614164

features

Washer
Refrigerator
Range - Electric
Dryer
Microwave

monthly cost

$2,960/mo

Mortgage $2,610 · Tax $350

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

estimated payment

$2,610/ monthly

loan $479,200

25-year amortization

down payment20% · $119,80020%+ 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: $303,736
cash to close: $119,800; down payment; transfer tax and fees not included
total paid: $782,936

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