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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 OPEN HOUSE $458,000
20 WALTHEN Drive, charlottetown, Prince Edward Island

20 Walthen Drive

Charlottetown, Prince Edward Island

For sale $529,999
74 Sydney Street, charlottetown, Prince Edward Island

74 Sydney Street

Charlottetown, Prince Edward Island

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

5819/5821 Campbell Road, Victoria Cross

Montague, Prince Edward Island

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

5825/5827 Campbell Road, Victoria Cross

Montague, Prince Edward Island

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

5841/5843 Campbell Road, Victoria Cross

Montague, Prince Edward Island

For sale $795,000
38-40 Samantha Lane, cornwall, Prince Edward Island

38-40 Samantha Lane

Cornwall, Prince Edward Island

For sale $289,000
257 Euston Street, charlottetown, Prince Edward Island

257 Euston Street

Charlottetown, Prince Edward Island

For sale $599,900
66 Geordies Lane, travellers rest, Prince Edward Island

66 Geordies Lane

Travellers Rest, Prince Edward Island

For sale $485,000
277-279 FITZROY Street, charlottetown, Prince Edward Island

277-279 Fitzroy Street

Charlottetown, Prince Edward Island

For sale $635,000
30/30A/32 NEWLAND Crescent, charlottetown, Prince Edward Island

30/30a/32 Newland Crescent

Charlottetown, Prince Edward Island

For sale $1,300,000
50 Grafton Street, charlottetown, Prince Edward Island

50 Grafton Street

Charlottetown, Prince Edward Island

For sale $3,200,000
32-36 Harold Court, cornwall, Prince Edward Island

32-36 Harold Court

Cornwall, 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.