503 University Avenue
Prime Residential Development Opportunity in Charlottetown, PEI
Position your next residential project in one of Charlottetown’s most desirable and rapidly growing areas. This cleared 3.4-acre development parcel is approved for residential development and offers an exceptional opportunity for developers and investors looking to capitalize on the city’s strong housing demand. A build-to-suit option is also available.
Ideally located along a major Charlottetown corridor, the property provides outstanding access to a wide range of amenities, including UPEI, Royalty Crossing, Atlantic Superstore, Cineplex, public transit, restaurants, gas stations, and everyday services. Its central location offers convenience and accessibility that will appeal to future residents.
DEVELOPMENT – READY AND APPROVED
This shovel-ready parcel has received approval from the City of Charlottetown for a future residential apartment building, allowing developers to move forward with confidence.
With excellent visibility, strong surrounding demographics, and close proximity to key retail, educational, and service destinations, this property represents a rare opportunity to develop in one of Charlottetown’s most sought-after growth areas.
Whether you’re planning a multi-unit residential project or exploring a customized build-to-suit development, this property offers the location, approvals, and potential to bring your vision to life.
3.4 ACRES IN CENTRAL CHARLOTTETOWN
APPROVED FOR RESIDENTIAL DEVELOPMENT
EXCELLENT VISIBILITY
BUS STOP WITHIN WALKING DISTANCE
LOCATED NEAR UPEI AND A GROCERY STORE
GALLERY
development inquiries
The Gray Group REal Estate
and Development
20 Great George Street
Charlottetown, PE
C1A 4J6
902.894.4729
