This well-maintained 3-unit apartment building is located in a highly desirable area of King Street in Charlottetown, offering an exceptional investment opportunity. With easy access to the waterfront and all downtown amenities within walking distance, it’s also just a short stroll to Holland College, ensuring strong rental demand and full occupancy potential for years to come. The property is generating a great income and is heated with all-electric systems, keeping operating expenses low and management simple for future owners. Over the years, the building has seen numerous updates, enhancing both it functionality and appeal. Surrounded by the Charlottetown Marina, shopping centres, local restaurants, coffee shops, and more, this property sits in a vibrant and convenient location that’s attractive to tenants and investors alike.
For sale
C$519,999
238 King St #236, Charlottetown, PE C1A 1C3
4beds
--baths
--sqft
Triplex
Built in 1925
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 92 days
- on Zillow |
- 35 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 09, 2025 at 08:36am
Listed by:
Patrick Macguigan,PEI - Sales,
RED- ISLE REALTY INC.
Source: Prince Edward Island REA,MLS®#: 202510469

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Fireplace(s), Ductless, Other Heating/Cooling
Cooling
- Other Heating/Cooling
Appliances
- Included: Stove, Dishwasher, Dryer, Washer, Refrigerator
- Laundry: Common Area
Features
- Flooring: Hardwood, Tile
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Fireplace(s)
Property
Parking
- Parking features: None, No Garage
- Details: Parking Details(On Street Residential Parking Available, Current Tenants Do Not Pay For Parking)
Features
- Patio & porch: Deck
- Exterior features: Balcony
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 0.06
- Features: Under 0.5 Acres
Details
- Parcel number: 336412
- Zoning: DN
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Siding, Other
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Municipal
- Water: Municipal
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: Park, Playground, Near Public Transport
Location
- Region: Charlottetown
Financial & listing details
- Tax assessed value: C$209,200
- Annual tax amount: C$3,976
- Date on market: 5/9/2025
- Inclusions: 3 Fridges, 3 Stoves, 3 Dishwashers, 3 Washers, 3 Dryers
- Total actual rent: 48600
- Income includes: Rent Only
- Electric utility on property: Yes
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