Positioned in the heart of downtown Charlottetown, 169 Dorchester Street combines historic character with proven income stability, making it a standout opportunity for investors seeking both present value and future growth. With its striking Second Empire architecture dating back to 1877, the property offers the rare chance to own a piece of Charlottetown?s history while benefiting from its strong commercial potential. This unique fourplex is thoughtfully configured with a two-storey unit on one side and three stacked units on the other, maximizing functionality and rental appeal. Three of the units have been newly renovated with modern finishes and efficient electric heating, ensuring comfort for tenants and reduced maintenance for ownership. The building has been carefully maintained with upgrades such as new shingles on the mansard roof?s shingled portion, reinforcing long-term durability. A rear exposed aggregate parking lot provides space for three vehicles, an attractive feature in the downtown core where parking is highly valued. The property is zoned DN (Downtown Neighborhood), allowing for flexibility and adaptability in future use while supporting a stable base of residential tenants today. High ceilings and the architectural character inherent to Second Empire design create a timeless atmosphere that continues to attract quality occupants. Fully occupied with strong tenants, the building offers immediate income alongside redevelopment or repositioning potential for the right investor. Location is where 169 Dorchester truly shines. Just steps from Charlottetown?s bustling restaurants, boutique shops, cultural amenities, and the picturesque waterfront, the property sits in a vibrant corridor that benefits from steady foot traffic and enduring demand. Its central placement within the downtown business district ensures visibility, accessibility, and long-term desirability for both tenants and future projects. Whether held as a reliable in (id:4069)
Address
169 Dorchester Street
List Price
$1,150,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Charlottetown
Lot Size
0.08 Sq. Ft.
Year Built
1877
MLS® Number
202526259
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Basement Area
Partial (Unfinished)
Postal Code
C1A1E4
Site Influences
Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina
Features
Balcony
Amenities
Laundry Facility, Multi-Use Rooms
