Prince Edward Island Charlottetown

3 5 Spring St, Charlottetown

3 5 Spring St, Charlottetown, PE C1A3T9 Photo 1

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3 5 Spring St, Charlottetown, PE C1A3T9 Photo 2
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  • MLS®: 202309747
  • Type: Multifamily
  • Added: 152 days ago
  • Type: Multifamily
  • Listed by: Point2

Property Details

4 unit income property in Orwell Cove, PEI. Property houses (2) 2 Bedroom units and (2) 1 bedroom units. Good income and good return on investment. Fully rented. Property has had numerous updates. New cold start oil fired furnace with new oil tank. In direct hot water heater, most all windows updated, full 8' concrete foundation, foundation is 10 inches thick with reinforcements, roof shingles new in last 8 years and 4 updated bathrooms. Midway between Charlottetown and Northumberland Ferries. 20 minutes to Charlottetown or Montague. Easy access for schools, shopping, golf or beaches.Insurance Expense1389Maintenance Expense1485Heating Bill6007Electricity Bill648Taxes Costs1723.65Approx. Total Expenses11252.65Approx. Net Income22758.35

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Nearby Places

Name Type Address Distance
St. Peter's Cathedral (Charlottetown) Peter's Cathedral, Charlottetown, Prince Edward Is... 0.2 km
All Souls' Chapel (Prince Edward Island) Peter's Cathedral in Charlottetown, Prince Edward ... 0.2 km
St. Peter's Cathedral Charlottetown Church 11 All Souls Ln 0.2 km
Hotel Charlottetown Its most notable guests were Her Majesty Queen Eli... 0.3 km
Rodd Charlottetown Lodging 75 Kent St 0.3 km
Charlottetown City Hall It is located at 199 Queen Street at the corner of... 0.4 km
Heritage Harbour House Inn Lodging 9 Grafton St 0.4 km
Beaconsfield Historic House / Maison Historique Beaconsfield (La) Museum 2 Kent St RR 2 0.4 km
Jean Canfield Building It is named after Jean Canfield, the first woman e... 0.4 km
Prince Edward Island Hospital It was the first public general hospital establish... 0.4 km
St James Gate Restaurant 129 Kent St 0.5 km
Tim Hortons Cafe 125 Kent St 0.5 km
Similar Multifamilys Stat in Charlottetown
We have found 6 Multifamily that closely match the specifications of the property located at 3 5 Spring St with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 350,000 and 499,999, providing a good range for comparison. Moreover, we have also discovered that there are a few open Multifamily in the C1A3T9 postal code area of Charlottetown Prince Edward Island Canada.
3 5 Spring St mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 3 5 Spring St. The current price of the property is $425,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $340,000. This would result in a monthly mortgage payment of $1,987 over a 25-year amortization period.
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Similar Multifamilys For Sale

Comparison of 3 5 Spring St, Charlottetown, PE with Nearby Multifamilys
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Summerside 113 $401.501
Stratford 75 $535.941
Dieppe 121 $704.322
Moncton 310 $501.571
Shediac 87 $569.848
Brighton 101 $690.191
Dartmouth 55 $682.738
Halifax 163 $930.245
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St John S 349 $568.749
Ottawa 2051 $878.852
Kawartha Lakes 500 $943.123
Oshawa 411 $1.039.647
Whitby 317 $1.214.048
Fort Erie 361 $900.693
Other 1396 $992.119
Markham 503 $1.404.609
195 North River Road, Brighton 68 Orlebar Street, Charlottetown 82 Goodwill Avenue, Brighton 77 79 Gerald Street, Charlottetown 257 259 Richmond Street, Charlottetown 31 33 Gerald Street, Charlottetown 40 Charlotte Drive, Charlottetown 168 Weymouth Street, Charlottetown