Century21 Logo

CENTURY21®

NORTHUMBERLAND REALTY (1987) LTD

+1 (902) 436-2265

Multi-residential properties for sale in PEI

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

FOR BETTER RESULTS: You can change the way you view properties using the icon to change to GRID VIEW, the icon to change to LIST VIEW & the icon to change to MAP VIEW. If you want to perfrom an advanced search for property, click the SEARCH/FILTER RESULTS button below.
46 results | Page 2 of 4
12 24 48
Search/Filter Properties


LOADING

For sale
$827,000
15-17 Samantha Lane, cornwall, Prince Edward Island

15-17 Samantha Lane

Cornwall, Prince Edward Island

Nestled in a picturesque setting in Scottsview Meadows, this brand-new semi-detached property offers an exceptional investment opportunity. Thoughtfully designed, each unit offers both comfort and style, boasting three bedrooms, two bathrooms and a large garage providing convenience and comfort. Bright and airy entries flow effortlessly to well-appointed kitchens, featuring custom cabinets and expansive quartz countertops, perfect for culinary adventures and gatherings. Each primary bedroom features an ensuite and dual closet for ample storage and organization. Indulge in outdoor living, and enjoy a morning coffee from the front deck, while the back deck offers the perfect backdrop for an evening of relaxation and enjoyment. Whether you are looking for your first home, a place to raise your family or downsizing, this property is the perfect blend of rural charm and urban convenience. Walking distance to amenities, excellent schools, public transportation, recreation facilities and community events. Don?t miss your chance to own a piece of Cornwall?s thriving real estate market. This property includes appliances and new home warranty. Upon closing the property will be subdivided and property tax and assessment value will be reassessed. All measurements are approximate and should be verified buyer(s) if deemed necessary. *Photos are of 15 Samantha lane (layout and light fixtures will vary). HST rebate to be signed back to the seller. (id:50344)

For sale
$2,280,000
2 Ambrose Street, brighton, Prince Edward Island

2 Ambrose Street

Brighton, Prince Edward Island

**CLICK ON MULTIMEDIA FOR VIDEO ** One of a kind historic brick house built by Donald MacKinnon back in 1879. This unique (turnkey rental) property is located in the heart of Brighton, just minutes of walking distance to Victory Park and downtown Charlottetown. There are four upscale suites, in total consist 14 bedrooms and 13.5 bathrooms (about 8500 sqft). The main floor consists of a spacious two bedrooms with ensuite complemented by stately tall ceilings, classy mouldings, pillars and large windows throughout. The second and third floor are side by side, two-level suites, one consists of a three-bedroom with two ensuites and a common bathroom, another consist of four bedrooms with four ensuites and a common bathroom. Both suites with a large wrap-around balcony overlooking a green space across the street. The Carriage House Suite is two-level consists of four bedrooms with 3 ensuites and a common bathroom. All four suites have been significantly re-modelled and upgraded with guest convenience and comfort in mind. Each unit offers modern appliances, an in-suite kitchen and a laundry facility. Other upgrades include a new furnace (2017) and a new roof (2020). This property can be easily converted to a luxury Inn or B&B. Architectural design drawing for the conversion can be provided to a prospective purchaser upon successful offer of the property. All measurements are approximate, and should be verified by the purchaser(s). This is a must see! The property was recently renovated, and all the units are now rented by long-term tenants. The the pictures and videos might not accurately reflect its current appearance. The current property tax is based on non-resident. (id:50344)

For sale
$445,000
4 Lady Slipper Drive S, miscouche, Prince Edward Island

4 Lady Slipper Drive S

Miscouche, Prince Edward Island

Welcome to the beautiful community of Miscouche just minutes outside of Summerside. Great investment opportunity with this 3 unit apartment building located across from the Post Office and Cook's Corner convenience store. Units consist of two two bedroom apartments and a one bedroom apartment. Units have long term tenants which make it a great investment property. Unit is sitting on a poured concrete basement with 3 storage units and a laundry room. Book appointment for viewing! (id:50344)

For sale
$1,499,000
645,647,651,653 CROOKED CREEK Road, oyster bed bridge, Prince Edward Island

645,647,651,653 Crooked Creek Road

Oyster Bed Bridge, Prince Edward Island

MULTI-RESIDENTIAL INCOME PROPERTY. Welcome to #645, #647, #651, and #653 Crooked Creek Road, in Oyster Bed Bridge. This multi-residential property is located 20 min from Charlottetown and 30 min to Summerside. The property consists of four buildings, with a total of 12 units, and 2.6 acres of land. Building #645 is a 2-story duplex, building #647 is a bungalow fourplex, building #651 is a 2-story triplex, and building #653 is a two-story triplex. The buildings are all fully tenanted, with good rents and good tenants. The buildings have all had upgrades over the years, and all four have newer metal roofs. There is also a two-coin laundry washer and dryer on site for the tenants. Income statements are available upon request, for approved potential buyers. (id:50344)

For sale
$325,000
539 Main Street, montague, Prince Edward Island

539 Main Street

Montague, Prince Edward Island

539 Main Street in Montague is a 3 storey investment property with commercial and retail operations on the main floor and residential apartments on the 2nd & 3rd Floor. (id:50344)

For sale
$629,000
449-451 Queen Street, charlottetown, Prince Edward Island

449-451 Queen Street

Charlottetown, Prince Edward Island

Located in the vibrant heart of Charlottetown, this stacked duplex boasts an ideal location, surrounded by a great community and is close to all amenities, steps away from shopping centers, schools, churches, public transportation, and more. The property features a 3-bedroom unit with one bathroom and a 4-bedroom unit with 1.5 bathrooms, along with 5 paved parking spaces, making it a fantastic income generator. Additionally, there's a spacious Detached garage (22 x 12) that provides convenience and storage space. Furthermore, there's an empty lot with great potential to unlock its value. The duplex has undergone a series of renovations and upgrades, including a new roof in 2022, new windows and doors in 2019, updated electric heating and hot water systems in 2016, a new countertop added in 2023, and a new range hood in 2022 for one unit. The property has also received updates in terms of appliances and flooring, a fresh coat of paint, and a new roof for the garage in 2022. All of these improvements contribute to the long-term stability and low maintenance of the property. The great condition and low vacancy rate make this property an exceptional investment choice. Whether you are an experienced or novice investor, this duplex offers a hard-to-miss opportunity to expand your income portfolio. (id:50344)

For sale
$815,000
44-46 Samantha Lane, cornwall, Prince Edward Island

44-46 Samantha Lane

Cornwall, Prince Edward Island

Your dream home is currently under construction at "Scottsview Meadows", Cornwall's newest subdivision. This duplex is comprised of two 1288 square feet of finished living space which consists of 3 bedrooms, 2 bathrooms and a large double car garage. The open concept interior boasts a custom designed kitchen with quartz countertops, plenty of storage space and patio doors looking out onto the back deck for you to enjoy those early mornings or peaceful evenings. Scottsview Meadows has restrictive covenants in place to protect your investment. This property also includes an 8 year Lux warranty to validate its craftsmanship. This beautiful duplex is located in the heart of Cornwall where you will find all the amenities you will need for your convenience: Gas stations, local post office, grocery stores, pharmacy, dental offices, schools, parks, APM rink, shopping, restaurants, recreation centre and walking trails. Whether you are looking for a place to call home or an income property, this is a must see. Co-operating commission to be paid on net sale price. HST rebate to be signed back to the seller. Taxes/assessments to be determined. Measurements are approximate and should be verified by the buyers with the attached floor plans if necessary. Listing agent is part owner of the development. (id:50344)

For sale
$629,900
547 Main Street, montague, Prince Edward Island

547 Main Street

Montague, Prince Edward Island

Discover an incredible investment opportunity with this 8-unit apartment building located in 547 Main Street, Montague. Boasting six spacious 2-bedroom apartments and two generously sized 1-bedroom apartments, this property is perfectly designed for maximizing rental income and tenant satisfaction. Property features: steady cash flow. Enjoy the security of a fully rented building with excellent tenants. A prime location situated just two doors away from the Montague Post office and a mere 1-1/2 blocks from the beautiful waterfront. This property offers both convenience and scenic beauty for your tenants to enjoy. Upgraded interiors, numerous improvements have been made to the interior finishes of this building ensuring a modern and appealing living environment for your tenants to enjoy. These upgrades not only attract quality tenants, but also enhance the overall value of the property. This place is HST exempt providing additional cost savings and financial savings for savvy investors. Don't miss out on this outstanding investment opportunity in Montague's thriving and growing Real Estate market. With its strong rental history, prime location, and upgraded interiors this property is poised for long-term success. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, 547 Main Street Montague is an opportunity you don't want to pass up. To schedule a viewing or request more information call your Real Estate agent today! (id:50344)

For sale
$3,150,000
514/516 Main Street, montague, Prince Edward Island

514/516 Main Street

Montague, Prince Edward Island

This is a double commercial lot, of 1.5 acres in central Montague with two full apartment buildings ? offering strong income and unlimited opportunity to further develop this strategic parcel! Already zoned Multi-Use, with two street accesses/ egresses, the present lot coverage is only 9.4%.These two prime Apartment buildings contain 23 units plus 3,500 square feet of open commercial or further residential space, on 1.5 contiguous acres, in the heart of Montague. To the right buyer, this land and building parcel offer an incredible investment opportunity. Envision the present cash flow (8.55% annual against purchase price) from fully-occupied units with outstanding expansion possibilities on this large, under-utilized central mixed-use site. At list price, each existing apartment is less than $137K ? and the surplus building/ lot areas are included.Two separate street accesses and full municipal services are already in place. Best Montague proximity to grocery stores, pharmacies, fast food, schools and waterfront. 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, and growing, Montague real estate market. (id:50344)

For sale
$348,000
590 Main Street, montague, Prince Edward Island

590 Main Street

Montague, Prince Edward Island

Attention investors/renovators! Amazing 4 Unit-Apartment investment opportunity in beautiful Montague! 590 Main Street features 4 one-bedroom apartments overlooking gorgeous Montague River. The convenient location is close to most amenities within 5 min drive. With the firm concrete foundation and a full walkout basement, the building has lots of potential for future updates for either long or short term rentals. New roof in 2019, new levelled rear gravel parking in 2021, fiberglass oil tank and coin operated laundry in the basement. All measurements are approximate and are to be verified by the purchaser. Vendor is listing agent. (id:50344)

For sale
$750,000
70 Spring & 247 Church Street|247 Church St., summerside, Prince Edward Island

70 Spring & 247 Church Street, 247 Church St.

Summerside, Prince Edward Island

Located in a mature, quiet neighborhood within walking distance to most amenities. These character buildings border on the beautiful Wyatt Hetitage city park. Partial brick home in good condition with lots of character and with original woodwork inside. You could easily live in the 2 story home and continue renting the 6 unit next door at 247 Church to subsidize your income or mortgage. Units on main floor and second floor are quite large with alot of character. Several units have decks which overlook the park. All units currently occupied on a month to month with heat, electricity and TV included for most units. . Each of the units are separately metered for electricity if you choose to want the tenants to pay their own expenses. Two buildings to be sold as a package. The current owner has had the buildings for about 8 years and has done many upgrades including new roofs and new Propane hot water boiler. Very easy buildings to operate and are well maintained with excellent occupancy. Minimum of 24 hours notice to view. (id:50344)

For sale
$7,300,000
1-25 Red Fox Court, charlottetown, Prince Edward Island

1-25 Red Fox Court

Charlottetown, Prince Edward Island

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. The 10 Duplex Village, called Evergreen Village Inc. in West Royalty is just 5 years new with attached double garages is for SALE! The 7.3 Million dollar parcel is for sale complete, all tenanted. This is condo corporation #50. The Financials can be given to serious buyers that must show proof of financial means to purchase the property. This is considered a 20 Unit Condominium, with 20 single semi-detached units. High end appliances in each unit and ready to be SOLD to next OWNER. (id:50344)

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.

Scroll to Top