An exceptional opportunity in the heart of Charlottetown, 59?61 Spring Park Road offers an updated side-by-side duplex with excellent flexibility for investors, owner-occupiers, or multi-generational living. Unit 59 features three bedrooms and a refreshed bathroom, while Unit 61 offers two bedrooms and an updated full bathroom. Both units have undergone extensive renovations, including updated siding with added foil insulation, waterproof and scratch-resistant flooring, updated doors and trim, renovated kitchens, upgraded lighting and electrical work, and more. The previous oil heating system has been replaced with electric heat, providing a cleaner and more convenient heating option. The driveway along the left side of Unit 59 has been extended, providing additional off-street parking for multiple vehicles. Both units are now completely vacant, thoroughly cleaned, fully renovated, and move-in ready. This turnkey property allows the new owner to take possession with ease and without the need for immediate improvements or tenant transitions. The fully vacant status provides exceptional flexibility for an investor to select their own tenants and establish new leases, or for an owner-occupier to move into one unit while renting the other. Conveniently located in Charlottetown with easy access to schools, shopping, public transit, and everyday amenities, the property offers rental appeal and excellent income potential. Based on previous rental history, the property generated approximately $45,600 in annual rental income, with approximate annual expenses of $8,401, resulting in an approximate net income of $37,199. Whether purchased as a fully vacant investment property, an owner-occupied income property, or for multi-generational living, 59?61 Spring Park Road presents a rare turnkey opportunity in a convenient Charlottetown location. All measurements and financial information are approximate and should be independently verified by the purchaser if (id:4069)
Address
59-61 Spring Park Road
List Price
$449,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Charlottetown
Lot Size
0.09 Sq. Ft.
Year Built
1979
MLS® Number
202624044
Listing Brokerage
ROYAL LEPAGE PRINCE EDWARD REALTY
Basement Area
Full (Unfinished)
Postal Code
C1A3X9
Ownership
Freehold
Site Influences
Park, Playground, Public Transit, Recreation, Shopping
Community Features
School Bus
Appliances
Range, Stove, Washer/Dryer Combo, Microwave, Refrigerator
Heat Source
Electric, Oil
Heat Type
Baseboard heaters, Furnace, Wall Mounted Heat Pump, Space Heater
Foundation Details
Concrete Block, Poured Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
