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Foreclosure signalInvestment signal

$599,000

45 ATLANTIC Road

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Beds

Baths

Sqft

—

Year

1989

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Charlottetown. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Beautiful and great-value 5-bedroom, 3-bath side-split home with a walkout lower level, ideally located next to a park/playground and within walking distance to UPEI, Superstore, restaurants, and other amenities. The main level features a bright and spacious living room, dining area, kitchen, and three large bedrooms, including a primary bedroom with ensuite. The lower level offers two additional bedrooms, a full bath, and a family room with walkout access to the backyard. The walkout lower level is currently rented with a separate entrance, providing great flexibility. This home is ideally for owner-occupancy or for living upstairs while generating rental income from the lower level. All measurements are approximate and must be verified by the purchaser if deemed necessary. Property is being sold as is where is. (id:65958)

Subtype: Single Family
Structure: House
Community: Charlottetown
Common interest: Freehold
Lot size: 0.19 acres
Lot dimensions: 0.19
Bedrooms: 3 above grade, 2 below grade
On market: Apr 13, 2026
Status changed: Apr 20, 2026
Annual tax: $4,638 (2024)
Photos: 29
MLS#: 202607148
Area: CHARLOTTETOWN

Features and systems

Parking

Attached Garage

Basement

FinishedFullWalk out

Appliances

WasherDryer - ElectricRefrigeratorWater meterRange - ElectricDishwasherStoveMicrowave

Heating

Baseboard heatersOilElectricHeat Recovery Ventilation (HRV)Wall Mounted Heat PumpFurnace

Exterior

Vinyl

Flooring

HardwoodLaminateCeramic Tile

Foundation

Poured Concrete

Lot

TreedWooded areaPaved driveway

Community

Recreational Facilities

Negative cash flow ~$396/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-3.97%

Cap rate

4.07%

GRM

15.1

Break-even rent

$3,717

Financing

Down payment$119,800

Loan amount$479,200

Mortgage$2,428/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$499

CapEx reserve$250

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,428/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.