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51 Grafton Street, Charlottetown, PE, C1A 1K8

MLS® # 202528906
new listing
Commercial For Sale In Downtown Charlottetown, Charlottetown, Prince Edward Island
$1,348,000

None Beds

51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
51 Grafton Street, Charlottetown, PE
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51 Grafton Street, Charlottetown, PE, C1A 1K8
$1,348,000

Property Information:

Discover an exceptional investment asset located at a prominent, high-traffic intersection in the vibrant center of downtown Charlottetown. This distinguished three-storey building seamlessly blends commercial stability with residential comfort, offering a proven track record of income generation. The ground floor features established commercial retail space with a legacy of over 20 years of successful restaurant operations, ensuring high visibility and consistent foot traffic. The upper two levels are comprised of three spacious residential units, each featuring a two-bedroom, one-bathroom layout. The building is currently 100% occupied, providing immediate cash flow for the new owner. Ideally situated for both tenants and clientele, the property is surrounded by major office buildings, commercial centers, and shopping venues. As a hub for summer tourism, the location benefits from the seasonal influx of visitors while maintaining a steady local clientele year-round. Uniquely for the downtown core, the property includes a private two-car driveway for the owner's exclusive use, while tenants and customers enjoy the convenience of ample surrounding street parking. Whether you are a seasoned investor seeking a turnkey portfolio addition or looking for a mixed-use property for personal ownership, this building represents a rare opportunity in PEI’s capital.

Property Features:

  • Annual Tax Amount: $0
  • Built in: 2025
  • Driveway/Parking: Paved, Single, Other
  • Floor Space (approx): 0 Square Feet
  • Flooring: Concrete, Other
  • Fuel Type: Oil
  • Heating/Cooling Type: Baseboard, Furnace
  • Lot Size: 0.11
  • Property Size: Under 0.5 Acres
  • Rental Equipment: Propane Tank
  • Roof: Asphalt Shingle
  • Site Influences: Public Transportation, Visual Exposure, High Traffic Location, Other, Public Transportation, Visual Exposure, High Traffic Location, Other
  • Sub-type: Other, Residential Units, Restaurant
  • Title to Land: Freehold
  • Utilities: Cable, Electrical, Municipal Water
  • Water Source: Municipal

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

All Properties

-6.75%

Price change (1 year)

33.49%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 51 Grafton Street, Charlottetown, PE, C1A 1K8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

32 hot days expected in 2050

36/100

Moderate-Low

ClimateCheck®

Current data

This property, 51 Grafton Street , experiences 7 hot days per year at around 27.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.6℃
2050
30.7℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

71/100

Moderate-High

ClimateCheck®

Current data

This property, 51 Grafton Street , experiences 11 significant 2-day storms per year, with about 361.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 460.9mm of precipitation per year.

Precipitation Per Storm

Past
361.3mm
2050
460.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 51 Grafton Street, Charlottetown, PE, C1A 1K8

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$124,608.82

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.19 %

High school certificate or equivalent

25.4 %

Apprenticeship trade certificate/diploma

2.97 %

College/non-university certificate

21.97 %

University certificate (below bachelor)

1.73 %

University Degree

39.74 %

Commuter

Travel To Work

By Car

57.1 %

By Public Transit

6.81 %

By Walking

33.16 %

By Bicycle

1.63 %

By Other Methods

1.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.04 %

Houses

26.96 %

Own Vs. Rent

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