514/516 Main Street Montague, Prince Edward Island C0A 1A0
$3,238,748
Discover an exceptional investment opportunity package offering two prime Apartment properties containing 23 units in the heart of Montague. 514 Main Street and 516 Main Street combine to create an incredible investment. 514 Main Street is a property that defines potential, versatility, and prime location. This remarkable real estate offering presents a unique blend of features that will capture the attention of astute investors. This property boasts 16 apartments. The main floor of this property is fully vacant and ready for your vision. Whether you choose to create accessible apartments or utilize it for commercial tenancies, the possibilities are endless,. It has a strong rental history as currently all units are fully rented to excellent tenants. It also has room for expansion as plans for an additional 7 apartments and exterior upgrades are included, providing a clear path for increasing the property's value. Situated on 1.5 acre these properties are central Montague commercial property, this location is adjacent to essential amenities such as groceries, pharmacies, schools, fast food establishments, and shopping. The property also boasts 90% surplus land, offering further development possibilities.Take advantage of astounding fixed financing with $1,010,000.00 available at a below-Prime rate of 3.23%! This is fixed until September 30, 2028, providing financial stability.Second, but certainly not least we have 516 Main Street, which boasts 5 spacious 2-bedroom apartments, 1 generous 1-bedroom apartment, and 1 cozy small 1 bedroom apartment Attractive Financing: Secure your investment with wonderful fixed financing. $445,000.00 is available at a below-Prime rate of 3.23%,through September 30, 2028, ensuring financial stability and flexibility. This combination of 516 Main Street and 514 Main Street presents a stellar double access corner property prospect for investors, developers, or entrepreneurs looking to tap into the thriving Montague r (id:50344)
Property Details
| MLS® Number | 202320635 |
| Property Type | Multi-family |
| Neigbourhood | Montague |
| Community Name | Montague |
| Amenities Near By | Park, Playground, Marina |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | Full |
| Constructed Date | 1942 |
| Exterior Finish | Wood Shingles, Vinyl |
| Flooring Type | Carpeted, Tile, Vinyl, Other |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Radiator |
| Type | Apartment |
| Utility Water | Community Water System |
Parking
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Marina |
| Sewer | Unknown |
| Size Total Text | 1 - 3 Acres |
| Zoning Type | Multi-family |
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October 05 2023 03:10:54
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty, Exit Realty Pei