6 Pond Street

Charlottetown · MLS® 202626359

Condo · Multi-family · built 1973 · 3 days on market

listed by Eva Clow, ROYAL LEPAGE PRINCE EDWARD REALTY

realtor's description

Set in an excellent location! Prime Multi-Family Investment Opportunity! Positioned on a expansive 0.31-acre parcel in the heart of Charlottetown, this versatile 11-unit residential building delivers strong rental demand and robust cash-flow potential. The well-balanced unit mix caters to every tenant demographic: Four 1-bedroom units, three 2-bedroom units, two 3-bedroom units, one 4-bedroom units, and one bachelor unit. Benefit from key capital improvements, including recently upgraded electrical systems, minimizing immediate CAPEX. Centrally located within walking distance to schools, major retail centers, and public transit routes, this property boasts exceptional occupancy appeal. A standout asset for seasoned portfolio builders and savvy commercial investors alike!

property details

type: Condo, Multi-family
parking: 0
year built: 1973
property tax: $11,930 / yr
days on market: 3
MLS®: 202626359

features

School Bus
Washer
Dryer - Electric
Refrigerator
Oven - Electric
Dishwasher

monthly cost

$7,486/mo

Mortgage $6,492 · Tax $994

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

estimated payment

$6,492/ monthly

loan $1,192,000

25-year amortization

down payment20% · $298,00020%+ 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: $755,536
cash to close: $298,000; down payment; transfer tax and fees not included
total paid: $1,947,536

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