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Multi-residential properties for sale in PEI

Invest in a duplex, triplex, apartment, or any other multi-unit property in PEI.

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For sale $1,080,000
55 Longworth Avenue, charlottetown, Prince Edward Island

55 Longworth Avenue

Charlottetown, Prince Edward Island

For sale $750,000
63 MacArthur Drive, cornwall, Prince Edward Island

63 Macarthur Drive

Cornwall, Prince Edward Island

For sale $549,000
214 Cumberland Street, charlottetown, Prince Edward Island

214 Cumberland Street

Charlottetown, Prince Edward Island

For sale $539,900
234-236 Fitzroy Street, charlottetown, Prince Edward Island

234-236 Fitzroy Street

Charlottetown, Prince Edward Island

For sale $925,000
174/172 Royalty Road, west royalty, Prince Edward Island

174/172 Royalty Road

West Royalty, Prince Edward Island

For sale $225,000
198 Cumberland Street, charlottetown, Prince Edward Island

198 Cumberland Street

Charlottetown, Prince Edward Island

For sale $150,000
310 Court Street, summerside, Prince Edward Island

310 Court Street

Summerside, Prince Edward Island

For sale $800,000
1634 Brackley Point Road, harrington, Prince Edward Island

1634 Brackley Point Road

Harrington, Prince Edward Island

For sale $999,000
27 (1 & 2) Gaul Road, montague, Prince Edward Island

27 (1 & 2) Gaul Road

Montague, Prince Edward Island

For sale $269,900
A&B 533 Campbellton Street, montague, Prince Edward Island

A&b 533 Campbellton Street

Montague, Prince Edward Island

For sale $629,000
6-8 HILCHIE Court, west royalty, Prince Edward Island

6-8 Hilchie Court

West Royalty, Prince Edward Island

For sale $429,000
64 Newland Crescent, charlottetown, Prince Edward Island

64 Newland Crescent

Charlottetown, Prince Edward Island

Buying multi-residential properties in PEI

Multi-residential properties such as duplexes, triplexes, and apartments make great investments. 

If you’re interested in living in one unit while renting out a second to a tenant, then a duplex is ideal for you. The rent you change will help cover your mortgage, utilities and other expenses that come with running a household.

Smaller multi-unit properties of up to five units can be purchased and mortgaged under the same terms as single family units – but you’ll need a commercial mortgage over five units. 

In most cases, multi-residential homes are not eligible for mortgage insurance. You’ll need a 20% down payment. Some lenders can offer a 5% downpayment on duplexes.

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