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Investment signal

$589,000

469 QUEEN Street

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Beds

—

Baths

—

Sqft

—

Year

1960

Type

Multi-family

Suite

Investment signal

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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

Fantastic triplex sitting on a large, centrally located lot in Charlottetown. This building features two units with 3 bedrooms, 1 bathroom and a lower-level studio unit. Each unit has a heat pump for heating and cooling. There is plenty of additional common space for storage, a detached garage and an inviting backyard. Located within walking distance to amenities, schools, parks, UPEI and more. Take advantage of this excellent investment opportunity today! (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: Charlottetown
Common interest: Freehold
Lot dimensions: 0.20 Acres
On market: Apr 22, 2026
Status changed: Apr 22, 2026
Annual tax: $7,876 (2025)
Zoning: Multi-Family
Photos: 20
MLS#: 202608217
Area: CHARLOTTETOWN

Features and systems

Parking

Parking Space(s)

Basement

Partially finishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

OilElectricHot WaterWall Mounted Heat PumpFurnace

Cooling

Air Conditioned

Exterior

Vinyl

Flooring

HardwoodLaminateCarpetedVinyl

Foundation

Poured Concrete

Negative cash flow ~$671/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

-6.84%

Cap rate

3.50%

GRM

16.6

Break-even rent

$3,657

Financing

Down payment$117,800

Loan amount$471,200

Mortgage$2,388/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$270

Insurance$80

Maintenance$491

CapEx reserve$245

Vacancy loss$148

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 $2,388/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 22, 2026.