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 |