Featured Imagery

Exceptional Property

355 QUEEN Street, Charlottetown

$680,000

null Bedrooms

null Bathrooms

1800 sqft

Property Highlights

Distinctive Features That Set This Property Apart

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Property Type

Retail

Style

Other

Year Built

1949

Square Footage

1800 square feet

Bedrooms

N/A

Bathrooms

N/A

Distinguished Features

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Premium Amenities

Featuring luxury finishes and high-end appliances throughout

Prime Location

Situated in a prestigious neighborhood with exceptional access

Property Overview

A Closer Look at This Distinguished Residence

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A profitable business and its property on the corner of Queen Street and Bayfield Street. Price includes building equipment and 3 bedroom apartment upstairs that rents for additional income. Inventory to be purchased on closing day. All measurements are approximate and should be verified by purchaser if deemed necessary. (id:39198)...

MLS Number

202405321

Listed By

EXIT REALTY PEI

Last Updated

Sep 24, 2024, 4:20 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

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Property Specifications

Property Type

Retail

Architectural Style

Other

Year Built

1949

Square Footage

1800

Interior Features

Flooring

Wood

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

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Property Timeline

Historical transactions and listing information

New

MLS# 202405321

List Date

Mar 25, 2024, 12:39 p.m.

List Price

$680,000

Property Type

Sale

Financial Planning

Tools to Help You Plan Your Investment

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Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

Property Purchase Price

300,000

Down Payment

20%

Interest Rate

% p.a.

Amortization Period

Monthly Payment

Per Month

Mortgage Details

Loan Amount

$240,000

Total Interest

Total Payments

Loan-to-Value Ratio

80%

Total Number of Payments

360

Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Analysis Period:

Total Income

$4,300/monthly

2 income sources

Total Expenses

$2,530/monthly

3 expense items

Net Cash Flow

$1,770/monthly

Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.