$ 599,000

314-316 Richmond Street, Charlottetown

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. (id:1945)
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Property details for 314-316 Richmond Street, Charlottetown

Type
Multi-family
Lot Size
0.09
Parking
Gravel
Heating
Electric, Wall Mounted Heat Pump
Cooling
Air Conditioned
Exterior
Vinyl
Ownership
Freehold
Annual Taxes
$4,202 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 314-316 Richmond Street

Active Listings
95
Min Price
$124,900
Max Price
$1,799,000
Avg Price
$637,160
Days on Market
120
days
Sold Listings
30
Min Sold Price
$299,900
Max Sold Price
$2,249,000
Avg Sold Price
$632,027
Days until Sold
122
days

Neighbourhood Census Data

Charlottetown, Prince Edward Island / Île-du-Prince-Édouard

Population
625
Median Age
39.8
Median Income
$23,872
Dwelling Value
$179,749

Housing Tenure

Owners 24%
Renters 76%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.7
Pop. Density: 2,960.7/km²
Avg Shelter Cost: $782/mo
Owners with Mortgage: 28.6%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 31.1%
English only: 80.6%
English and French: 15.7%
Neither: 2.8%
Median Household Income: $34,560
Median Employment Income: $22,016

Price History

Listed
June 11, 2026
by RE/MAX CHARLOTTETOWN REALTY
Current Price
$599,000
-3.2% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $599,000 $20,000 (-3.2%)
Aug 25, 2026 $619,000 Listed

Contact Agent Get in touch about 314-316 Richmond Street, Charlottetown

Kris Fournier
Kris Fournier
RE/MAX CHARLOTTETOWN REALTY