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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

Income Property! You found it!! 32-34 Karen Drive Charlottetown PEI conveniently close to all amenities. This neat, tidy well-kept 39-year-old duplex is situated on a quiet ( very private) street, treelined with beautiful mature trees, shrubs, and perennials. Exterior of home has vinyl siding and brick. Interior of units are mirror image with two good sized bedrooms, one full bath, eat-in kitchen, bright living room, unfinished basement with laundry, this area could also be used for extra living space if needed. Recent home upgrades include electrical panel, fiberglass oil tank, windows and exterior doors. Duplex is ready and waiting for you! (id:50344)

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

Investment Opportunity. This currently under construction four unit townhouse is scheduled to be complete in January 2023. Located in Charlottetowns fastest growing development, Montgomery Heights. Designed with modern aesthetics, each 3 bedroom, 2.5 bathroom unit features a supremely functional open concept layout on the main level. Entering through the front door, into the welcoming entryway, then moving into the bright kitchen, dining and living areas. Located off the front hallway, you'll also find each unit has access to a single car garage, and a half-bathroom. Upstairs, travelling through the large landing area you'll find a functional laundry closet, access to the primary suite with ensuite bathroom and walk-in closet, two additional bedrooms and the main bathroom. Each unit is on its own services, and can be subdivided. (id:50344)

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

36-38 Upper Hillsborough Street

Charlottetown, Prince Edward Island

Great location on a large lot in the heart of downtown. Income property featuring six apartments - Four-One bedroom, Two-Two bedroom. Income $61,092. Expenses $23,999. All measurements are approximate and should be verified by the Purchaser. (id:50344)

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

65-71 Donaldston Road

Mill Cove, Prince Edward Island

Fantastic rental unit opportunity in a prime North Shore location! This 5 unit mini home and cottage property features 1 – 3BR mini, 2 – 2BR minis, 1 – 1BR mini and a 1BR winterized cottage, all fully tenanted with long term renters. This private 1.39 acre property, bordered by a stream feeding into Tracadie Bay, is located just 15min from Charlottetown and 5 min to the famous white sand National Park beaches of the North Shore. Nearby you have the Winter Bay Hiking trails, deep sea fishing charters, 18 hole golf, galleries, artisan shops, seafood marts, fine dining and more. This turn key operation has been extensively renovated in recent years: insulation, wiring, walls, plumbing, fixtures, roofs, heat pumps, windows, doors...too much to list! Add this to your rental portfolio or live on site and earn your income from home. (id:50344)

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

176-178 Royalty Road

West Royalty, Prince Edward Island

Here is a new side by side duplex with a 7 year Atlantic Home Warranty. The property comes with 4 bedrooms and 3 bathrooms each side, and 6 high end appliances each side. The units have their own heated garage, along with a storage/equipment room. Each unit has a patio deck and a front deck with paver stone walk ways. The drive ways are paved and the lawn will be done for closing. Each unit has its own heat pump along with electric heat. The open kitchen and living room are great. The basement has a very large family room for entertainment. All measurements are approximate and should be verified if deemed necessary. New PID number will be issued at closing. Taxes and assessments will be adjusted at closing. (id:50344)

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

4 Pleasant Avenue

Souris, Prince Edward Island

Investment opportunity! Well maintained and fully occupied 6 unit apartment building close to all amenities in Souris, PE. Featuring two 1 bedroom units and four 2 bedroom units. Every unit comes with their own private storage area and there are two firewalls. Two units have a distant water view. Recent updates include roof shingles, vinyl siding, and oil tank. Only a short walk to the Souris Beach Gateway Park which features a beautiful sandy shore. All measurements are approximate and should be verified by the Purchaser. (id:50344)

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

73 Spring Park Road

Charlottetown, Prince Edward Island

Excellent Income Opportunity. Prime Downtown 4 Unit - 2 Bedroom Apartments With Many New Updates! Situated in Spring Park Area on a Large Corner Lot with Gorgeous Parking area. The Units are Bright & Spacious. All Amenities are within Walking Distance. There is at the back of the building a Separate Laundry Room with Coin Operated Washer & Dryer. There is also storage lockers in basement. (id:50344)

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

2 Linden Avenue

Charlottetown, Prince Edward Island

Investment opportunity....Welcome to 2 Linden Ave, located in the heart of Charlottetown and only 3 years old. This immaculate duplex is vacant, freshly painted, and move in ready. Both units are 3 bedroom, 2 full baths including en-suite, open concept kitchen, dining, and living room. Both units are equipped with heat pumps, all kitchen and laundry appliances. Rare to find a newer 3 bedroom with attached garage for this price. All measurements are approximate. (id:50344)

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

169 Cambridge Street

Summerside, Prince Edward Island

Excellent income property in the heart of Summerside!! 169 Cambridge st is a cash-flowing duplex that has seen a major renovation in recent years. Both units have had new kitchens, heat pumps, updated bathrooms, and the list goes on. There are currently two long-term tenants who pay 1200 and 1300 respectively with heat, lights, cable, and internet included in their rent. Very well taken care of. There is a large garage in the backyard that would be an amazing workshop or fantastic storage space. (id:50344)

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

Check out this fantastic brand new, beautifully finished semi detached home; which has a 3 bedroom 2 bath and a 2 bedroom 2 bath units. The property located in the new subdivision of East Royalty close to all Charlottetown amenities. This duplex features one level living with attached heated single car garages. Each side features an open concept dining/living room with custom built kitchen equipped with white solid wood cabinets, stainless steel appliances, and a large island with room for seating. The primary bedrooms have an ensuites and walk in closets. Enjoy vinyl plank flooring, led pot lights, and heat pump to allow for efficient heating/cooling. This home offers an opportunity for a great Real Estate investment with rental income or individual personal residences. It can be purchased as a full duplex or as separate semi-detached properties for $415,000 Each. Please note, due to lot size units will be sold in a 2 unit condo corporation. (id:50344)

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

4069 Alleys Mill Road

Cardigan, Prince Edward Island

Triplex in Cardigan, nice money maker in central Kings County. This property has three, two bedroom units, shared coin laundry, new furnace installed in 2011, plus over 1/2 acre property with a large gravel parking area. This property makes a nice investment for a live in owner to have the tenants pay the mortgage and expenses...will not last long! No PDS, property being sold ‘as is where is’. (id:50344)

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

13-15 Macausland Drive

Charlottetown, Prince Edward Island

Well maintained Charlottetown duplex with good income in a prime City location. One unit is a 2 bedroom 1 bath unit with a full unfinished basement. The other side has 4 bedrooms and 1 bath with finished basement. Rental income is $2050 per month and tenants pay heat and lights. Fully rented with good tenants. Some updates include new oil tank to go in Unit 13, new roof shingles 2015, new flooring, new wiring, new plumbing, updated baths, new paint and 2 new electric panels. (id:50344)

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.