Primary photo of 118 Maple Avenue, Charlottetown
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House For Sale

$499,900

MLS® Number: 202606693

Bedrooms

6

Bathrooms

2

Year Built

1974

118 Maple Avenue, Charlottetown, Prince Edward Island

About This Property

Income Potential Meets Prime Location with a cap rate of 8.2% Welcome to 118 Maple Avenue, a solid and versatile two unit property located in Sherwood, one of Charlottetowns most sought after neighbourhoods. Known for its quiet streets, strong community feel, and unbeatable convenience, this location offers quick access to Royalty Crossing shopping, UPEI, downtown Charlottetown, the airport, and major commuter routes. This well designed property features two completely separate three bedroom units, making it an outstanding opportunity for homeowners, investors, or multi generational living. Each unit is fully self contained with separate entrances and completely independent utilities, allowing for true separation, flexibility, and ease of ownership. The upper unit is currently vacant, providing immediate options for a new owner to move in, generate rental income, or design the space to suit their needs. Bright and spacious, it offers a comfortable layout with generous living areas and three full bedrooms. The lower unit is occupied by long term tenants, offering instant income and stability for investors or those looking to offset their mortgage from day one. Whether your vision is to live in one unit while earning rental income, add a strong cash flowing property to your portfolio, or secure a home that adapts to future family needs, this property delivers exceptional versatility. The clear separation between units, combined with the desirable Sherwood location, makes this a rare and valuable offering in todays market. With proximity to schools, shopping, restaurants, parks, and all major amenities, 118 Maple Avenue offers not just a property, but a lifestyle rooted in convenience and long term value. Opportunities like this in Sherwood do not come along often. 118 Maple Avenue is a smart, flexible investment and a home with possibilities limited only by your imagination.

Property Details

Interior Details

Appliances

Washer, Refrigerator, Dishwasher, Stove, Range, Oven, Dryer

Basement

Finished, Full

Bathrooms Partial

0

Bathrooms Total

2

Bedrooms Total

6

Flooring

Laminate, Carpeted, Vinyl

Heating

Baseboard heaters, Electric, Propane, Wall Mounted Heat Pump

Building & Exterior

Architectural Style

Other

Exterior Features

Vinyl

Foundation Details

Poured Concrete

Year Built

1974

Land & Location

City Region

Charlottetown

Community Features

School Bus, Recreational Facilities

Lot Features

Paved driveway

Lot Size Dimensions

0.295 acres

Parcel Number

452342

Postal Code

C1A6G4

Listing & Financials

Listing Office

CENTURY 21 NORTHUMBERLAND REALTY

Originating System Name

Prince Edward Island Real Estate Association

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($99,980)
5.5%
25 Years

Estimated Monthly Payment

$2,456

Principal and interest only. Actual rates may vary.

Location & Map

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