Income Potential Meets Prime Location with a cap rate of 7.9%. 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. (id:54265)
| Business Type | Residential |
| Business Sub Type | Residential |
| MLS® Number | 202600256 |
| Property Type | Other |
| Community Name | Charlottetown |
| Equipment Type | Propane Tank |
| Features | Paved Driveway |
| Rental Equipment Type | Propane Tank |
| Flooring Type | Other |
| Size Interior | 1,345 Ft2 |
| Total Finished Area | 1345 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Irregular | 0.295 |
| Size Total | 0.295 Ac|under 1/2 Acre |
| Size Total Text | 0.295 Ac|under 1/2 Acre |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/29220059/118-maple-avenue-charlottetown-charlottetown
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