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83 Water Street, Charlottetown, PE, C1A 5N5

MLS® # 202323758
Conditionally Sold
Commercial In Downtown Charlottetown, Charlottetown, Prince Edward Island
$699,900
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
83 Water Street, Charlottetown, PE
  • Advertising
SOLD_COND
83 Water Street, Charlottetown, PE, C1A 5N5

Status:

$699,900

Property Information:

Welcome to 83 Water Street, Charlottetown – a rare and exceptional opportunity awaits you in the heart of the city. This commercial lot featuring a thriving restaurant is now available for sale, making it an extraordinary find for investors and entrepreneurs alike. Situated in the vibrant Downtown Mixed Use Neighbourhood (DMUN) zoning, this property allows for a dynamic blend of retail and residential possibilities, catering to a diverse range of potential ventures. The strategic location of 83 Water Street ensures maximum visibility and accessibility, making it a prime spot for a business to flourish. Under the current bylaws, the property boasts a height allowance of 39.5 feet, offering architectural flexibility and the potential for innovative design concepts. Additionally, the existing bylaws permit the creation of 3 units, providing a solid foundation for immediate utilization of the space. The forward-thinking owner has recognized the untapped potential of this prime location and is prepared to make an application for a variance. This strategic move aims to unlock further opportunities by allowing for an expansion of units, maximizing the utility and value of the property. Invest in the future of Charlottetown's downtown landscape with 83 Water Street. Whether you envision an expansion of residential units, additional retail spaces, or a unique combination of both, this property offers the canvas for your entrepreneurial dreams. Seize this rare chance to be part of Charlottetown's dynamic urban growth. Contact us today to explore the endless possibilities that 83 Water Street holds for your business and investment aspirations.

Property Features:

  • Building Amenities: Public Washrooms, Ventilation System, Public Washrooms, Ventilation System
  • Built in: 1966
  • Conditional Clause: Other
  • Construction: Wood Frame
  • Driveway/Parking: Paved
  • Floor Space (approx): 1300 Square Feet
  • Flooring: Other
  • Fuel Type: Propane
  • Heating/Cooling Type: Heat Pump -Ductless
  • Lot Size: 0.08
  • Property Size: 0.5 to 0.99 Acres
  • Rental Equipment: None
  • Roof: Asphalt Shingle
  • Sub-type: Restaurant
  • Title to Land: Freehold
  • Utilities: Municipal Water
  • Water Source: Municipal

Courtesy of: RE/MAX CHARLOTTETOWN REALTY

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

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

Location of 83 Water Street, Charlottetown, PE, C1A 5N5

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, 83 Water Street , experiences 7 hot days per year at around 27.7 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 30.8 degrees Celsius.

Projected Avg. Temperature

Past
27.7℃
2050
30.8℃

# 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, 83 Water Street , experiences 11 significant 2-day storms per year, with about 361.9mm 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
361.9mm
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 83 Water Street, Charlottetown, PE, C1A 5N5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,696.36

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.78 %

High school certificate or equivalent

26.52 %

Apprenticeship trade certificate/diploma

1.57 %

College/non-university certificate

29.05 %

University certificate (below bachelor)

2.32 %

University Degree

31.76 %

Commuter

Travel To Work

By Car

55.01 %

By Public Transit

9.28 %

By Walking

29.04 %

By Bicycle

1.42 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

78.59 %

Houses

21.41 %

Own Vs. Rent

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