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245 University Avenue
Charlottetown C1A 4M1

$1,100,000
Multi-family built: 1962

Main Photo: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
Photo 1: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
Photo 2: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
Photo 3: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
202612243
Year Built:
1962
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. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Zoning:
Multi-Family
Taxes:
$6,595 / 2026
Community:
Charlottetown
Features:
Air Conditioning
Community Features:
School Bus
Structure Type:
Apartment
Appliances Included:
Refrigerator, Oven, Microwave
Cooling:
Air Conditioned
Fireplace:
No
Floor finish:
Other
Foundation:
Poured Concrete
Heating:
Radiant heat, Oil, Electric, Wall Mounted Heat Pump, Furnace
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Full
Lot Size:
5,663 sq. ft.
Lot Details:
.13
Parking:
Other
  • Photo 1: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
    Photo 1 of 3
  • Photo 2: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
    Photo 2 of 3
  • Photo 3: 245 University Avenue in Charlottetown: Multi-family for sale : MLS®# 202612243
    Photo 3 of 3
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Listed by ROYAL LEPAGE COUNTRY ESTATES 1985 LTD
Data was last updated May 27, 2026 at 12:15 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$599,500
Min list price:
$299,000
Max list price:
$7,500,000
Avg days on market:
62
Min days on market:
4
Max days on market:
286
These statistics are generated based on the current listing's property type and located in Charlottetown. Average values are derived using median calculations. This data is not produced by the MLS® system.
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