










1/12119 Water Street, Charlottetown, PE C1A1A8
Price on request
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Asset Class
Office
Size
—
Building class
A
Zoning
CO — Commercial Office
$ / SF
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Occupancy
84%
Year Built
2026
Character, flexibility and a prime location in Charlottetown?s waterfront area come together at 119 Water Street. This heritage property offers approximately 1,900 SF of adaptable space in downtown Charlottetown?s waterfront tourism hub, just steps from Confederation Landing Park, the harbourfront boardwalk, Peake?s Wharf and its restaurants. The property also benefits from seasonal foot traffic generated by cruise ship arrivals, bringing visitors directly into the surrounding waterfront area throughout the tourism season. The location offers convenient access to the shops, cafés and services of the downtown core. Currently used as office space, the property features four office/flex rooms, two bathrooms, a full kitchen and space for a boardroom or collaborative workspace. Hardwood floors add warmth and character, while the spacious basement provides ample storage. Set on approximately 0.11 acres, the property includes paved on-site parking for 4?6 vehicles. Electric heat. Monthly rent is $3,500 plus HST and includes CAM fees and snow removal. The tenant is responsible for electricity and telecommunications. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$68K
Annual cash flow
$-15K
Cash-on-cash
-3.26%
DSCR
0.82
Going-in cap
4.56%
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
88,713
Households
32,662
Median income
$113,500
Median age
35.3
Daytime population
80,452
5-yr growth
6.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 119 Water Street, 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.