This is your chance to own a prime piece of real estate in one of the most desirable and historic areas of Prince Edward Island. Located on bustling Water Street, just steps from the Charlottetown waterfront, 93 Water Street is a fully tenanted mixed-use building offering a strong return and long-term investment security. The building features two ground-floor commercial units, each with street-facing storefronts that benefit from high pedestrian traffic, excellent visibility, and easy access. These commercial spaces are currently leased to established local businesses, providing immediate and stable income. With large display windows and entrances directly on Water Street, the commercial spaces are both attractive and functional for a wide range of retail or service-oriented tenants. On the upper floors, the property includes four well-maintained residential apartments, each with two bedrooms and one full bathroom. These units are bright, spacious, and thoughtfully laid out to maximize comfort and livability. The apartments have been consistently rented and are in high demand due to the unbeatable downtown location, within walking distance to everything Charlottetown has to offer - including shops, restaurants, the Confederation Centre of the Arts, and the scenic boardwalk. The property's zoning supports a range of commercial uses, making it a flexible asset for any investor looking to grow their portfolio in one of Atlantic Canada’s most charming and active real estate markets. Whether you're looking for a turnkey income property or a strategic addition to your investment holdings, 93 Water Street offers location, versatility, and consistent revenue in a tightly held market. ** Pictures were taken by Junkai Zhou and used with his expressed permission **
For sale
C$1,355,000
93 Water St, Charlottetown, PE C1A 1A5
8beds
--baths
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Water streetCharlottetown waterfrontStreet-facing storefrontsWell-maintained residential apartmentsMaximize comfort and livability
- 75 days
- on Zillow |
- 54 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: May 09, 2025 at 07:58am
Listed by:
Greg Rivard,PEI - Sales,
RE/MAX CHARLOTTETOWN REALTY
Source: Prince Edward Island REA,MLS®#: 202510460

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Heating
- Baseboard, Furnace, Hot Water
Appliances
- Included: Stove, Dryer, Washer, Refrigerator
- Laundry: Common Area
Features
- Flooring: Laminate, Tile
- Basement: Full,Unfinished
Property
Parking
- Parking features: Paved, Shared Driveway, No Garage
- Has uncovered spaces: Yes
- Details: Parking Details(2 Parking Spots - Rear Of Building.)
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 0.06
- Features: Under 0.5 Acres
Details
- Parcel number: 335778
- Zoning: DMUN
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- None
- Foundation: Concrete Perimeter, Stone
- Roof: Rolled/Hot Mop
Condition
- New construction: No
Utilities & green energy
- Sewer: Municipal
- Water: Municipal
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Golf, Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Marina
Location
- Region: Charlottetown
Financial & listing details
- Tax assessed value: C$202,300
- Annual tax amount: C$6,583
- Date on market: 5/9/2025
- Inclusions: 4 Fridges, 4 Stoves, 2 Washers And 2 Dryers, 2 Range Hoods.
- Total actual rent: 108120
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