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Home PE Greater Charlottetown Queens County Charlottetown Downtown Charlottetown
51 Grafton Street
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51 Grafton Street $1,348,000
$1,348,000
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51 Grafton Street
Charlottetown, Prince Edward Island C1A1K8

MLS® Number: 202528906

Listing Description

Discover an exceptional investment asset located at a prominent, high-traffic intersection in the vibrant center of downtown Charlottetown. This distinguished three-story building seamlessly blends commercial stability with residential comfort, offering a proven track record of income generation. The ground floor features established commercial retail space with a legacy of over 20 years of successful restaurant operations, ensuring high visibility and consistent foot traffic. The upper two levels are comprised of three spacious residential units, two of the units are a two-bedroom, one-bathroom layout, and the third is a three bedroom, one bathroom layout. The building is currently 100% occupied, providing immediate cash flow for the new owner. Ideally situated for both tenants and clientele, the property is surrounded by major office buildings, commercial centers, and shopping venues. As a hub for summer tourism, the location benefits from the seasonal influx of visitors while maintaining a steady local clientele year-round. Uniquely for the downtown core, the property includes a private two-car driveway for the owner's exclusive use, while tenants and customers enjoy the convenience of ample surrounding street parking. Whether you are a seasoned investor seeking a turnkey portfolio addition or looking for a mixed-use property for personal ownership, this building represents a rare opportunity in PEI?s capital. (231683835)

Property Summary

Property Type
Other
Community Name
Charlottetown
Title
Freehold
Land Size
0.1 ac|under 1/2 acre
Built in
2025
Parking Type
Other
Time on REALTOR.ca
14 days

Building

Interior Features
Flooring
Concrete, Other
Building Features
Features
Paved driveway
Rental Equipment
Propane Tank
Utilities
Water
Municipal water
Business
Business Type
Other (Other), Restaurant (Restaurant), Residential (Residential)
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit
Parking
Parking Type
Other

Land

Other Property Information
Zoning Description
Mixed Comm
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902-338-1210
Eva Clow