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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
$989,000
244 Riverside Drive|Route 202, murray river, Prince Edward Island

244 Riverside Drive, Route 202

Murray River, Prince Edward Island

Welcome to Murray River, PEI, where tranquillity meets investment opportunity. Nestled in the heart of one of PEI's most picturesque regions, this charming 4-unit complex offers an ideal blend of comfort, convenience, and potential for the discerning investor. Each unit boasts 2 bedrooms and 2 bathrooms, providing ample space for residents to unwind and enjoy the serene surroundings. Whether you're seeking a peaceful retreat or a lucrative investment opportunity, this property caters to both desires with equal finesse. The architecture of the complex harmonizes effortlessly with its natural surroundings, featuring classic Maritime-inspired design elements that exude timeless charm. From the moment you arrive, you'll be captivated by the lush greenery, scenic views, and the soothing sounds of nearby rivers and streams. Inside, each unit is thoughtfully appointed with modern amenities and stylish finishes, ensuring a comfortable and inviting living experience for residents and guests alike. Spacious living areas provide the perfect setting for relaxation or entertaining, while well-equipped kitchens inspire culinary creativity. Step outside onto your private patio or balcony and bask in the gentle breeze as you admire the panoramic vistas of the Murray River landscape. Whether enjoying a morning cup of coffee or savouring an evening sunset, these outdoor spaces offer a seamless extension of the indoor living area, perfect for soaking in the natural beauty of Prince Edward Island. As an investment property, this complex presents a compelling opportunity for savvy investors looking to capitalize on the burgeoning real estate market in PEI. With its prime location, strong rental potential, and attractive amenities, this property promises both immediate returns and long-term growth prospects. (id:50344)

For sale
$265,000
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! (id:50344)

For sale
$544,900
4-6 High Street, charlottetown, Prince Edward Island

4-6 High Street

Charlottetown, Prince Edward Island

Fantastic side by side duplex at 4 & 6 High Street in the community of Parkdale in a quiet neighborhood and walking distance to UPEI. One side is an updated three bedroom, 2 bath unit with a large rec room in the lower level. The other side is a 3 bedroom, one bath with a rec room in the lower level. Each unit has their own oil tank and electrical meter. Fantastic opportunity to invest, live in one side and have income from the other. All measurements are approximate and should be verified by the Purchaser. (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 Open House
$649,000
101 Upper Prince Street, charlottetown, Prince Edward Island

101 Upper Prince Street

Charlottetown, Prince Edward Island

[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view]. Welcome to 101 Upper Prince St. this beautiful craftsman bungalow was originally a single-family residence but has been converted to an over and under duplex. Features of this style include a 1 1/2 story height, a low pitched roof, wide eaves and a veranda with square columns. The style was popular from approximately 1915 until 1930. Throughout the years the home has remained well-maintained and relatively unchanged since it was built making it an asset to the streetscape. This property will not disappoint and is filled with character and charm! Spacious main floor suite includes, living room, formal dining room, den/office. Large updated kitchen with butler?s pantry. Two well sized bedrooms ,bath and private laundry. Upper two bedroom suite includes living room, dining room, kitchen, bath and laundry. This lovely home sits on a very spacious lot and includes a large carriage house with single car garage door! These properties do not come to market very often, don?t miss a chance to own this Classic Charlottetown Property! Conveniently located and walking distance to all Charlottetown has to offer! (id:50344)

For sale
$349,900
5819/5821 Campbell Road|Victoria Cross, montague, Prince Edward Island

5819/5821 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own this affordable duplex in Victoria Cross. With 8 bedrooms and 2 bathrooms total, each side offers 4 bedrooms, 1 bathroom and separate dining rooms. These homes are spacious, bright, and have been well maintained throughout the years. Sitting on approximately 2 acres of land, this property offers peace and quiet and yet it?s only minutes to Montague. This location is ideal. Live on one side and rent the other is a very affordable solution to home ownership and available with this property. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:50344)

For sale
$349,900
5841/5843 Campbell Road|Victoria Cross, montague, Prince Edward Island

5841/5843 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own this affordable duplex in Victoria Cross. This duplex offers 4 bedrooms, 1 bathroom per side for a total of 8 bedrooms and 2 bathrooms. Both sides are spacious, bright, and have been well maintained throughout the years. Sitting on approximately 2 acres of land, this property offers peace and quiet and yet it?s only minutes to Montague. This location is ideal. You can live on one side and rent the other which will make this a very affordable solution to home ownership and available with this property. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:50344)

For sale
$349,900
5825/5827 Campbell Road|Victoria Cross, montague, Prince Edward Island

5825/5827 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own a home and have an income property with this affordable duplex in Victoria Cross. With 8 Bedrooms and 2 bathrooms total, you can live on one side which both have 4 bedrooms, 1 bath and pay part of your mortgage with the income generated from renting the other side of the duplex. Both sides of this home are spacious, bright and are move-in ready. One side is currently vacant and available for a quick move-in date with a tenant in place on the other side. Sitting on approximately 2 acres of land, the property has a serene peaceful feel and yet it?s only minutes to Montague, this location is ideal. Living on one side and rent the other is a very affordable solution to home ownership. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:50344)

For sale
$650,000
30/30A/32 NEWLAND Crescent, charlottetown, Prince Edward Island

30/30a/32 Newland Crescent

Charlottetown, Prince Edward Island

This property is situated in a mature, peaceful neighbourhood of central Charlottetown. This fully rented triplex features a three bedroom unit, a two bedroom unit as well as a one bedroom unit. Located in a highly desirable area, it allows for tenants to walk to schools, grocery stores, banks or take a bike/bus ride to all conveniences that come with living in a city. Recent updates include the roof as well as the vinyl siding. All measurements are approximate and should be verified by purchaser if deemed necessary. No PDS, property being sold ?as is where is?. Please note: Listing agent is related to the Vendor. (id:50344)

For sale
$499,999
277-279 FITZROY Street, charlottetown, Prince Edward Island

277-279 Fitzroy Street

Charlottetown, Prince Edward Island

Invest in your future with 277-279 Fitzroy Street! This duplex, boasting two spacious two bedroom units (1,548 sq. ft.), with 1 bath is ready for a new owner seeking immediate income and long term potential. This spacious side by side duplex is situated on a large lot with lots of green space to set up your own backyard oasis. It is located near downtown Charlottetown and within walking distance to the Holland College Charlottetown campus and the downtown business district. Both sides are currently rented, with the right side becoming vacant as of May 1, 2024. This duplex will not disappoint. No PDS, property is being sold "as is where is". All measurements are approximate and should be verified by purchaser if deemed necessary. Listing Agent is related to the Vendor. (id:50344)

For sale
$449,000
14-16 Felling Street, charlottetown, Prince Edward Island

14-16 Felling Street

Charlottetown, Prince Edward Island

Charlottetown Triplex located at 14-16 Felling Street is available for purchase. Situated in a mature, peaceful neighbourhood, this property is highly desirable to tenants as you can walk to most amenities or a bike ride to all conveniences that come with living in a city including minutes from the Confederation trail. The property has undergone renovations, from the installation of a new boiler pot in the furnace, spray foam insulated the walls in the basement plus the back 2 rooms of unit 16. All of Unit 16 has been renovated. The property features three 2 bedroom units, all occupied with great tenants. Rent amounts include heat and water, tenants pay their own electricity. (id:50344)

For sale
$850,000
65 & 14 Crestwood & Admiral Drive, charlottetown, Prince Edward Island

65 & 14 Crestwood & Admiral Drive

Charlottetown, Prince Edward Island

Terrific duplex for sale in Brighton, corner lot with one unit facing on Crestwood Drive and the other on to Admiral Street. Both are three bedroom, one bath units with lots of updates including windows, updated kitchens, flooring, bathroom, decks, and more. Both units have their own driveways and decks. Walking distance to Colonel Gray family of schools, downtown and Victoria Park. Excellent opportunity to live in one side and rent the other! All measurements approximate. (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.