Charlottetown — Top 5 Renovation Picks (Aug 11, 2025)

121 MARINER Dr — $210,000

  • Beds/Baths: 2 bd / 1 ba
  • Year Built / Type: — / Single Family Residential
  • Summary: This meticulously maintained 2-bedroom home features a quiet lot with open green space at the back, providing added privacy. Recent updates include electric heat and a new hot water tank.
  • Renovation rationale:
    • Low price at $210,000 with potential for increased value through renovations.
  • Why these metrics matter for renovation:
    • The low entry price allows for a flexible renovation budget, targeting updates that could significantly enhance market value.
  • Recommended renovation ideas: Consider updating the kitchen and bathroom for modern appeal, and enhance outdoor spaces for better usability.
  • View on Redfin

28 Centennial Dr — $379,000

  • Beds/Baths: 3 bd / 1 ba
  • Year Built / Type: — / Single Family Residential
  • Summary: A solid, well-built rancher on a large landscaped lot, this property has seen updates to siding, roof cover, and more, making it a great base for further renovations.
  • Renovation rationale:
    • Usable lot size and older home provide significant renovation upside.
  • Why these metrics matter for renovation:
    • The existing updates combined with a large lot size present opportunities for expansion or outdoor enhancements, increasing overall property value.
  • Recommended renovation ideas: Focus on modernizing the interior spaces and possibly adding an additional bathroom or bedroom.
  • View on Redfin

207 Belvedere Ave — $371,999

  • Beds/Baths: 3 bd / 1 ba
  • Year Built / Type: — / Single Family Residential
  • Summary: This bungalow is situated in Sherwood, close to amenities, and features a huge backyard, making it a prime candidate for renovation.
  • Renovation rationale:
    • Potential for duplex with R2 zoning and mature lot offers flexibility for future developments.
  • Why these metrics matter for renovation:
    • The zoning allows for possible income generation through a duplex conversion, while the large yard can facilitate outdoor improvements that enhance livability and value.
  • Recommended renovation ideas: Explore converting the home into a duplex and updating the outdoor space for enhanced functionality.
  • View on Redfin

145 Lower Malpeque Rd — $399,000

  • Beds/Baths: 4 bd / 1.5 ba
  • Year Built / Type: — / Single Family Residential
  • Summary: This expansive 4-bedroom home on a generous lot offers ample living space, perfect for families or entertaining.
  • Renovation rationale:
    • Large living space and generous lot size provide room for significant renovations and potential expansions.
  • Why these metrics matter for renovation:
    • The large footprint allows for layout changes or additions, increasing the potential for rental income or resale value.
  • Recommended renovation ideas: Consider an open-concept design and enhancing outdoor living areas.
  • View on Redfin

96 Nassau St. St — $598,000

  • Beds/Baths: 7 bd / 3.5 ba
  • Year Built / Type: — / Single Family Residential
  • Summary: A versatile 7-bedroom home with nearly 3,000 sq. ft. of finished living space, this property is ideal for large families or rental income.
  • Renovation rationale:
    • High bed/bath count provides flexibility for various living arrangements or rental opportunities.
  • Why these metrics matter for renovation:
    • The existing space allows for the potential to create multiple rental units or family suites, enhancing cash flow opportunities.
  • Recommended renovation ideas: Update kitchens and bathrooms to modern standards and consider creating separate living units for increased rental income.
  • View on Redfin

This makes it so much easier to spot a good renovation opportunity.