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

50 Grafton Street

Charlottetown, Prince Edward Island

Presenting an exceptional investment opportunity in the heart of downtown Charlottetown. This property features seven fully renovated units, meticulously upgraded over the past six years to ensure modern comfort and style while preserving the area's historic charm. Recent upgrades include new oil tanks (2023), chimney replaced (2023), replacement of all windows (2022/2023), siding (2023), flooring (2023), and cabinets (2023), enhancing both the property's aesthetic appeal and operational efficiency. Conveniently located within walking distance to the Charlottetown waterfront, Confederation Centre, shopping outlets, restaurants, and places of worship, this property offers unparalleled accessibility to amenities and attractions. With its prime location and attractive features, this property presents a compelling investment opportunity, promising strong income potential and enduring value in Charlottetown's dynamic real estate market. Don't miss out on the opportunity to own a piece of downtown Charlottetown's allure and capitalize on its lucrative potential. (id:50344)

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

32-36 Harold Court

Cornwall, Prince Edward Island

Built-in 2022 are 2 apartment buildings- 6 plex apartments each on a slab in the heart of Cornwall. Each building has 6 units for a total of 12 apartments. Each building has 5 two-bedroom, 1 bath apts and 1 one-bedroom, 1 bath apt per building for a total of 12 apts. Secured buildings & camera monitored. Each apt has a balcony, In-Suite laundry/storage, white kitchen with quartz tops, stainless steel appliances (F,S,D/W,MICRO) backsplash, laminate flooring, heat pumps for heat and air conditioning & convect air heating. Each apt/tenant pays their own heat & all utilities. Ample paved parking for tenants and guests, well-rented, never a vacancy - many retired tenants. Assumable mortgage available. (id:50344)

For sale
$759,000
77 Bayfield Street, charlottetown, Prince Edward Island

77 Bayfield Street

Charlottetown, Prince Edward Island

This apartment building presents an excellent opportunity for investors to generate steady rental income in the downtown area. With a mix of one and two-bedroom units each with their own heat pump, it appeals to a broad range of tenants, ensuring a high occupancy rate. The addition of five parking spaces is a valuable asset, making this property even more appealing. There are also laundry facilities on site for tenant convenience. Don't miss your chance to own a piece of downtown real estate with great income potential.Schedule a viewing and see for yourself the incredible investment opportunity this apartment building provides. (id:50344)

For sale
$390,000
305-307 Connolly Crescent, montague, Prince Edward Island

305-307 Connolly Crescent

Montague, Prince Edward Island

Beautiful DUPLEX located at the centre of Montague with two bedrooms and one large bathroom in each unit. A great opportunity to live in one side while renting the other side out for extra income. This duplex is at the end of a quiet street on Connolly Crescent in Montague. It is close to all amenities, hospital, grocery stores, and schools. A new roof was changed in 2019. Unit 305 has all appliances, flooring, paint, and fixtures updated in 2019. Both units have fiberglass oil tanks updated as well. Unit 305 has a well-maintained tenant who has been living there since 2018 and is required to pay for her own heat and electricity with $800 rent per month. Unit 307 is vacant right now with the potential to rent over $1000 per month with the current rental market. (id:50344)

For sale
$339,000
11 Spring Street, charlottetown, Prince Edward Island

11 Spring Street

Charlottetown, Prince Edward Island

Charming downtown Charlottetown Duplex for sale. Prime location with walking distance to amenities including shops, restaurants, Victoria Park, and downtown core. With an R3 zoned lot this makes it ideal for any investor or those seeking affordable housing. Main level: Porch, kitchen with pantry, dining room, living room, storage area. Upper Level: 3 bedrooms, and 1 bathroom. Don't miss this opportunity to own a piece of historic Downtown Charlottetown. All measurements approximate and should be verified. (id:50344)

For sale
$434,900
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
$815,000
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
$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
$599,900
27/29 Dorchester Street, charlottetown, Prince Edward Island

27/29 Dorchester Street

Charlottetown, Prince Edward Island

Introducing a remarkable opportunity for investors and first-time home buyers alike, this charming and spacious duplex is nestled in the heart of downtown Charlottetown, at 27/29 Dorchester Street. This property offers a fantastic investment for those looking to expand their portfolio or find their dream home. This stunning duplex features two well-proportioned bedrooms and two bathrooms on both sides, providing ample space for comfortable living. The property is equipped with heat pumps in both units, ensuring warmth and comfort throughout the year. The fantastic kitchens will inspire your culinary creations, while the open layout provides the perfect space for entertaining and spending time with loved ones. Furthermore, with the property's prime location in downtown Charlottetown, you will be within walking distance to all the amenities you could possibly need. This includes shops, restaurants, schools, parks, and recreational facilities as well as steps to Charlottetown waterfront boardwalk, Holland Colleges Culinary school and the historic lot 500 zone. One of the most enticing aspects of this duplex is the potential for rental income. Investors will relish in the opportunity to rent one side whilst living in the other, maximizing their investment and making this an even more attractive prospect. Don't miss out on this incredible opportunity to own a spacious duplex in the highly sought-after area of downtown Charlottetown. With its excellent features, prime location, and potential for rental income, 27/29 Dorchester is the perfect choice for investors and first-time home buyers alike. Arrange a viewing today and discover all that this unique property has to offer. (id:50344)

For sale
$557,000
35-39 Rankin Court, charlottetown, Prince Edward Island

35-39 Rankin Court

Charlottetown, Prince Edward Island

Step into this delightful side-by-side duplex, perfectly situated near kindergarten, schools, UPEI, and shopping centers for your convenience. This prime location offers easy access to everything you need. On the main floor, you'll find a spacious living room, a convenient half bath, and a bright eat-in kitchen that opens onto a private deck. Upstairs, discover three bedrooms and a full bath, providing ample space for comfortable living. The unfinished basement holds untapped potential for future development. Plus, the seller has invested $30,000 in upgrades, including new windows in 2020, fresh paint in 2022, a new deck and shed in 2022, and more. Don't let this rare opportunity slip by. Come see this fantastic duplex in its desirable location today! (id:50344)

For sale
$1,199,000
12 Driftwood Country Lane, anglo tignish, Prince Edward Island

12 Driftwood Country Lane

Anglo Tignish, Prince Edward Island

A very well maintained and operated turn key cottage rental business. This business is just across the laneway from the Gulf of St. Lawrence. Beautiful sandy beach where you can walk for miles/kms. Enjoy the sunshine or fish for some bass from the shoreline. These are very well built cottages and the owner has done many renos and upgrades. They are rented out on weekly rates in summer season and can be rented out in winter and off season as they are all insulated and heated. Year round income. There are 5 cottages, 3 two bedrooms and 2 three bedrooms, one of 2 bedrooms is handicap accessible. Wood shingle exteriors on the cottages and there is a concrete foundation ready for another cottage. "THE OWNER IS OPEN TO SELLING A PORTION OF THE BUSINESS IF THERE IS INTEREST.". (id:50344)

For sale
$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)

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.