11 & 11A Felling Street — Charlottetown, Prince Edward Island

Well-maintained downtown Charlottetown duplex offering strong income, extensive upgrades, and long-term upside. 11 & 11A Felling Street generates good cash flows, positioning the property at an estimated ~8% cap rate. Upper unit presently vacated and main level will be vacated by the end of April. This two-unit property features separate entrances, two electrical meters, and several capital improvements including a steel roof, increased insolation, vinyl siding, fiberglass oil tank, updated electrical panel (upper unit), and heat pumps on both levels for efficient year-round comfort. The main floor unit offers added functionality with in-unit laundry and additional basement storage, while the upper unit features a private second-storey deck and the potential to be sold fully furnished as a turnkey short-term rental suite (subject to buyer verification of use). Character details such as original hardwood floors are complemented by ongoing upgrades, reflecting pride of ownership throughout. Exterior highlights include off-street parking and a large deck, enhancing tenant appeal. Located just steps from the downtown core, Holland College campus, waterfront, and key amenities, this property benefits from consistent rental demand in one of Charlottetown?s most desirable areas. (id:63357)