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CENTURY21
Northumberland Realty (1987) Ltd.

MULTI-RESIDENTIAL HOMES for sale

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For sale $400,000
32-34 Karen Drive, charlottetown, Prince Edward Island

32-34 Karen Drive

Charlottetown, Prince Edward Island

For sale $1,660,000
9,11,13,15 Shirley Street, east royalty, Prince Edward Island

9,11,13,15 Shirley Street

East Royalty, Prince Edward Island

For sale $639,000
36-38 Upper Hillsborough Street, charlottetown, Prince Edward Island

36-38 Upper Hillsborough Street

Charlottetown, Prince Edward Island

For sale $359,000
65-71 Donaldston Road, mill cove, Prince Edward Island

65-71 Donaldston Road

Mill Cove, Prince Edward Island

For sale $995,000
176-178 Royalty Road, west royalty, Prince Edward Island

176-178 Royalty Road

West Royalty, Prince Edward Island

For sale $575,000
4 Pleasant Avenue, souris, Prince Edward Island

4 Pleasant Avenue

Souris, Prince Edward Island

For sale $599,000
73 Spring Park Road, charlottetown, Prince Edward Island

73 Spring Park Road

Charlottetown, Prince Edward Island

For sale $749,000
2 Linden Avenue, charlottetown, Prince Edward Island

2 Linden Avenue

Charlottetown, Prince Edward Island

For sale $299,000
169 Cambridge Street, summerside, Prince Edward Island

169 Cambridge Street

Summerside, Prince Edward Island

For sale $820,000
101 Parent St. 45 Alice Ave.|45 Alice Avenue, east royalty, Prince Edward Island

101 Parent St. 45 Alice Ave., 45 Alice Avenue

East Royalty, Prince Edward Island

For sale $288,000
4069 ALLEYS MILL Road, cardigan, Prince Edward Island

4069 Alleys Mill Road

Cardigan, Prince Edward Island

For sale $439,000
13-15 MacAusland Drive, charlottetown, Prince Edward Island

13-15 Macausland Drive

Charlottetown, Prince Edward Island

For sale $425,000
55 Pine Drive, sherwood, Prince Edward Island

55 Pine Drive

Sherwood, Prince Edward Island

For sale $2,100,000
321-325 Norwood Road, charlottetown, Prince Edward Island

321-325 Norwood Road

Charlottetown, Prince Edward Island

For sale $1,200,000
279 Pope Road, summerside, Prince Edward Island

279 Pope Road

Summerside, Prince Edward Island

For sale $475,000
36-38 Aintree Drive, stratford, Prince Edward Island

36-38 Aintree Drive

Stratford, Prince Edward Island

For sale $489,900
1 Beasley Avenue, charlottetown, Prince Edward Island

1 Beasley Avenue

Charlottetown, Prince Edward Island

For sale $515,000
57 Orlebar Street, charlottetown, Prince Edward Island

57 Orlebar Street

Charlottetown, Prince Edward Island

For sale $289,000
513 Main Street, o'leary, Prince Edward Island

513 Main Street

O'leary, Prince Edward Island

For sale $1,175,000
536-538 Main Street, montague, Prince Edward Island

536-538 Main Street

Montague, 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 $649,900
8-14 Orlebar Street, charlottetown, Prince Edward Island

8-14 Orlebar Street

Charlottetown, Prince Edward Island

For sale $1,170,000
327 Fitzroy Street, charlottetown, Prince Edward Island

327 Fitzroy Street

Charlottetown, Prince Edward Island

For sale $729,900
23 Upper Prince Street, charlottetown, Prince Edward Island

23 Upper Prince Street

Charlottetown, Prince Edward Island

For sale $549,000
75-77 Brackley Point Road, charlottetown, Prince Edward Island

75-77 Brackley Point Road

Charlottetown, Prince Edward Island

For sale $299,000
170 Downing Street, borden-carleton, Prince Edward Island

170 Downing Street

Borden-Carleton, Prince Edward Island

For sale $579,000
247,249,251 Queen Street, charlottetown, Prince Edward Island

247,249,251 Queen Street

Charlottetown, Prince Edward Island

For sale $1,160,000
28 Kent Street|75 Rochford Street, charlottetown, Prince Edward Island

28 Kent Street, 75 Rochford Street

Charlottetown, Prince Edward Island

For sale $1,480,000
42, 44, 46 Kelly Heights, stratford, Prince Edward Island

42, 44, 46 Kelly Heights

Stratford, Prince Edward Island

For sale $569,950
15-17 Rilla Road, charlottetown, Prince Edward Island

15-17 Rilla Road

Charlottetown, Prince Edward Island

For sale $1,179,000
239 Cumberland Street, charlottetown, Prince Edward Island

239 Cumberland Street

Charlottetown, Prince Edward Island

For sale $1,699,000
30 A,B,C,D Macwilliams Drive, east royalty, Prince Edward Island

30 A,b,c,d Macwilliams Drive

East Royalty, Prince Edward Island

For sale $5,500,000
Lot 10 and 12 Phillip Street, tignish, Prince Edward Island

Lot 10 And 12 Phillip Street

Tignish, Prince Edward Island

For sale $449,900
67 Central Street S, summerside, Prince Edward Island

67 Central Street S

Summerside, Prince Edward Island

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

310 Court Street

Summerside, Prince Edward Island

For sale $1,350,000
629 & 631 Main Street, alberton, Prince Edward Island

629 & 631 Main Street

Alberton, Prince Edward Island

For sale $284,900
33 Greenwood Drive, summerside, Prince Edward Island

33 Greenwood Drive

Summerside, Prince Edward Island

For sale $949,000
6948 Rustico, north rustico, Prince Edward Island

6948 Rustico

North Rustico, Prince Edward Island

Multi-Residential homes included duplexes, triplexes and other multi-unit properties up to apartments. These are generally considered to be investment properties. Duplexes are often purchased by those who want to live in one unit while renting the other side. This helps defray the cost of mortgage, utilities and other cost associated with operating a household.

Smaller multi-unit properties up to 5 units can be purchased and mortgaged under the same terms as single family units – but over 5 units you will need a commercial mortgage. In most cases multi-residential homes are not eligible for mortgage insurance and you will have to have a 20% downpayment. Some lenders can offer 5% downpayment on duplexes.

When purchasing a multi-unit, even a duplex, you should think carefully and decide if you really want to have to deal with tenants. Running this type of property is a business and especially if you are planning to live in one of the units, you may want to consider if you want to be as close to tenants as they will have easy access to you when they have complaints or problems.