For sale

C$1,100,000

245 University Ave, Charlottetown, PE C1A 4M1

9beds

--baths

--sqft

Get pre-qualified

Multi Family

Built in 1962

-- sqft lot

$-- Zestimate^®

C$--/sqft

C$-- HOA

What's special

Vacant commercial space

Welcome to a rare investment opportunity in the heart of downtown Charlottetown, PEI. This mixed-use brick commercial/residential building offers strong potential for both investors and entrepreneurs alike. Included with the property is an additional R2-zoned lot, providing valuable flexibility for additional parking or future development. The property features an excellent walk score and a vacant commercial space ready for your vision and a little TLC. Whether you’re looking to establish your own business while generating supplemental rental income, or expand your real estate portfolio with a versatile downtown asset, this property checks all the boxes. Sizes are approximate and should be verified by the purchaser.

64 days

9

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9

Heating

Furnace, Ductless, Radiant

Cooling

Air Conditioning

Appliances

Included: Oven, Microwave, Refrigerator, Stove

Features

Flooring: Other
Basement: Full

Property

Parking

Parking features: Other, No Garage

Features

Stories: 2

Lot

Size: 5,662 Square Feet
Dimensions: .13
Features: Under 0.5 Acres

Details

Parcel number: 361279 / 359109
Zoning: MUC

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Concrete Perimeter
Roof: Other

Condition

Year built: 1962

Utilities & green energy

Sewer: Municipal
Water: Municipal
Utilities for property: Electricity Connected

Community & HOA

Community

Features: Golf, Marina, Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping

Location

Region: Charlottetown

Financial & listing details

Tax assessed value: C$201,200
Annual tax amount: C$6,595
Date on market: 5/26/2026
Electric utility on property: Yes

Jeff Rodgerson,PEI - Broker

(902) 315-1190

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