132 Mount Edward Road, Charlottetown, Prince Edward Island C1A 5S9

Located in a highly convenient Charlottetown location, 132 Mount Edward Road offers excellent flexibility, strong rental appeal, and solid investment potential. Just a short walk to UPEI, this property is currently occupied by student tenants and has provided the current owner with a strong investment return. A new buyer may also have the opportunity to continue the existing rental setup and enjoy stable, attractive rental income. At the same time, the home offers great flexibility for owner-occupancy, as it could be easily converted back to its original layout with three bedrooms, a living room, and a den/office with only minimal changes. The front ... read more

Located in a highly convenient Charlottetown location, 132 Mount Edward Road offers excellent flexibility, strong rental appeal, and solid investment potential. Just a short walk to UPEI, this property is currently occupied by student tenants and has provided the current owner with a strong investment return. A new buyer may also have the opportunity to continue the existing rental setup and enjoy stable, attractive rental income. At the same time, the home offers great flexibility for owner-occupancy, as it could be easily converted back to its original layout with three bedrooms, a living room, and a den/office with only minimal changes. The front sunroom provides a warm and inviting space to enjoy natural sunlight during the winter months, while the rear porch offers a practical transition area for daily entry, shoes, coats, and storage. The second level features a separate shower room, as well as an additional room combining toilet and laundry functions; the lower level also includes a half bathroom. The exterior is equally practical, featuring a spacious backyard, a detached wired garage, and a long double driveway providing ample parking. Conveniently located near UPEI, private schools, shopping, public transit, and many local amenities, this property represents a rare opportunity in central Charlottetown, offering both residential comfort and investment value. In recent years, the current and previous owners have completed a number of important updates and improvements, including heat pumps, an electric hot water heater, a metal roof, and a new air exchange system, further enhancing the home?s comfort, functionality, and long-term value. All measurements are approximate and should be verified by the purchaser if deemed important. The property is currently rented to five students in five separate rooms, generating strong and steady rental income. (id:39198)