












1/1492 Capital Drive, Charlottetown, PE C1E1E8
$1.9M total
—
Asset Class
Retail
Size
—
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
—
Occupancy
90%
92 Capital Drive, Charlottetown, visibility, income and room to explore what comes next. Set on a one-acre site bordering both Capital Drive and Thompson Drive, this commercial property offers exposure to traffic from two roads and a prominent location for businesses seeking to be seen. The large paved parking lot provides convenient access for tenants and visitors. The existing building features approximately 12,500 square feet of finished space across seven revenue-generating rental units, offering an established income stream. Recent improvements include new roof shingles and ongoing general maintenance. With frontage on both roads and land to assess for future use, 92 Capital Drive presents a compelling opportunity for an investor or owner-occupier. Any additional development would be subject to zoning, permits and applicable approvals. All measurements are approximate. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$92K
Annual cash flow
$-10K
Cash-on-cash
-1.88%
DSCR
0.90
Going-in cap
4.98%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
96,449
Households
34,860
Median income
$134,500
Median age
36.4
Daytime population
114,318
5-yr growth
9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 92 Capital Drive, Charlottetown.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.