23 Kensington Road, Charlottetown
Five-unit Apartment Building in Central Charlottetown This Five-unit Apartment Building presents an Excellent Opportunity for Investors looking to Expand their Real Estate Portfolio in Charlottetown. The building features a Desirable mix of rental accommodations, including two One-bedroom units, two Two-bedroom units, and one Three-bedroom unit. This variety offers flexibility in attracting tenants with different housing needs. The property has benefited from Many Updates, including Vinyl Windows, New Roof Shingle in 2023 and is built on a Full Concrete Foundation, providing a solid base for this Sturdy and Structurally Sound Building. Conveniently located in Central Charlottetown, it offers easy access to Public Transportation, with a bus route nearby, as well as on-site parking for added convenience. The building is Fully Rented, providing Investors with Established Rental Income from all Five Units. Its Central Location, variety of unit sizes, Many Updates, and Full Concrete Foundation make it an appealing option for Investors seeking a Multi-unit Rental Property. With a Strong Capitalization rate of 7.15% and an asking price of Only $709,000, this property offers Investors an Opportunity to Acquire an Established, Income-producing property and Build Long-Term Real Estate Ownership in Charlottetown. Whether you are an Experienced Investor looking to Expand your Portfolio or Considering your First Multi-Unit Investment, this property is worth a closer look. (id:1945)
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Property details for 23 Kensington Road, Charlottetown
- Type
- Multi-family
- Lot Size
- 0.114
- Stories
- 2
- Parking
- Parking Space(s)
- Heating
- Oil, Hot Water
- Exterior
- Wood shingles
- Ownership
- Freehold
- Annual Taxes
- $7,183 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 23 Kensington Road
Active Listings
128
Min Price
$124,900
Max Price
$1,899,000
Avg Price
$575,744
Days on Market
115
days
Sold Listings
28
Min Sold Price
$260,000
Max Sold Price
$1,600,000
Avg Sold Price
$648,132
Days until Sold
101
days
Neighbourhood Census Data
Charlottetown, Prince Edward Island / Île-du-Prince-Édouard
Population
535
Median Age
42.6
Median Income
$28,811
Dwelling Value
$164,731
Housing Tenure
Owners 47%
Renters 53%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 1,596.1/km²
Avg Shelter Cost: $1,042/mo
Owners with Mortgage: 54.2%
Owners Spending 30%+: 20%
Tenants Spending 30%+: 25%
English only: 85.6%
English and French: 14.4%
Median Household Income: $52,352
Median Employment Income: $24,576
Price History
Listed
October 6, 2026
by ROYAL LEPAGE PRINCE EDWARD REALTY
Current Price
$709,000
Type
Multi-family
For Sale
