83 Water Street, Charlottetown, Prince Edward Island

$699,900

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1,300

Square feet

About 83 Water Street

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. (id:36535)

Features of 83 Water Street

Listing # 202323758
Price $699,900
Bathrooms 0.00
Square Footage 1,300
Acres 0.00
Year Built 1966
Type Retail
Sub-Type Freehold

Community Information

Address 83 Water Street
Subdivision Charlottetown
City Charlottetown
Province Prince Edward Island
Postal Code C1A5N5

Amenities

Parking Paved Yard
Is Waterfront No
Has Pool No

Interior

Cooling Ventilation system
Fireplace No
# of Stories 1
Has Basement No

Exterior

Construction Wood frame

Listing Details

OfficeCourtesy Of Greg Rivard Of RE/MAX CHARLOTTETOWN REALTY

Listing Map