It was said to be founded by Benjamin Powell in 1950 and named for Charlottetown, Prince Edward Island: "I thought that maybe someday the place would be the capital of the bay, the same way Charlottetown is the capital of Prince Edward Island.
"[2] Situated on the sheltered inlet St. Michaels Bay on the Labrador coast, Charlottetown was served by a coastal ferry service until the completion of the Trans-Labrador Highway in 2002 (now Route 514).
[3] Charlottetown provides a bridgehead and services to the remote community of Norman's Bay.
[5] Most of the occupations in Charlottetown consist of the Shrimp Plant (Labrador Choice Seafood Ltd.).
There is an all-grade school in Charlottetown named William Gillett Academy.