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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
$1,355,000
93 Water Street, charlottetown, Prince Edward Island

93 Water Street

Charlottetown, Prince Edward Island

Welcome to this perfect property, it is located in down town area just opposite the Delta Hotel. The whole building has 4 apartments and 2 street-facing shops. All in good condition. The building brings very stable incomes every year. Apartment 1 and 2 both are about 1000 square feet 2 level apartments. Each has two bedrooms/one living room and one bathroom, private laundry. Floor, toilet and shower were updated in 2021. Apartment 3 is about 600 square feet, two bedroom/one living room/one bath, 5 years new flooring, kitchen and bathroom. Apartment 4 is about 750 square feet, two bedroom/one living room/ one bathroom, Floor, toilet and shower were updated in 2020. All apartments have their own hot water tank. The street-facing shops, left one is about 400 square feet and right one is about 450 square feet. Each shop has its own washroom and storage space. Flooring updated to tile floors in 2020. The shops always fully rented because of the excellent location. In addition, good brand oil furnace and oil tank (fiber material) have been updated in 2018. Backyard can part 3 or 4 cars. Access to backyard parking space via a shared driveway. Contact agent for more details. (id:50344)

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

74 Sydney Street

Charlottetown, Prince Edward Island

Downtown Triplex! Don't miss your chance to own this renovated Downtown Charlottetown rental property that generated a net income of $21K before interest in 2023, with one unit being owner occupied. Currently all units are fully rented and not owner occupied. This building has: new bathrooms, kitchens, paint, roof, oil tank and external doors with one 2 bedroom unit and two 1 bedroom units walking distance to everything including the waterfront, the new public library and always fully rented! Property taxes are currently $4,374.79 per year. All units will come furnished with the exception of a few items which is a huge bonus to potential landlords and tenants. (id:50344)

For sale
$279,900
594 Main Street, montague, Prince Edward Island

594 Main Street

Montague, Prince Edward Island

One time century home on C-1 zoned lot on Main St Montague is presently used as an over/under duplex income property. This property is presently completely vacant, and easy to show. updates include windows, roof and furnace. Good location walking distance to most everything Montague offers. Great opportunity to own a well priced duplex. All measurements approx. (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
$350,000
138 Sackville Street, montague, Prince Edward Island

138 Sackville Street

Montague, Prince Edward Island

138 Sackville St. is a 6 unit Income property with 2 -1BR apartments and a garage on the ground floor with 4 - 2BR apartments on the 2nd and 3rd floors. Currently fully rented and one tenant manages the property. Heat and hot water is provided by 2 forced air furnaces and 3 hot water heaters. 5 of the 6 units have been updated. Location close to shopping, churches, hospitals, rinks, boating, fishing, swimming, golf and ball fields. Great location for retired couples, young professionals or young families. (id:50344)

For sale
$299,000
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
$775,000
66/68 Mill Pond Lane, cornwall, Prince Edward Island

66/68 Mill Pond Lane

Cornwall, Prince Edward Island

Welcome to this stunning two-year-old duplex nestled in the prestigious West River subdivision in Cornwall, PEI. Offering 1288 square feet of living space on each side, this home comes with an attached garage and features two units with 3 bedrooms and 2 bathrooms, including an ensuite bathroom off the master bedroom. With an 8-year home warranty and warranties on appliances and heat pumps, your investment is well-protected. Situated in a fantastic family-friendly community, residents enjoy easy access to Cornwall's walking trails and amenities, while also benefiting from a quick 5-minute commute to the city of Charlottetown. Both units are currently tenanted bringing in great rental income. (id:50344)

For sale
$390,000
30 Pleasant Street, charlottetown, Prince Edward Island

30 Pleasant Street

Charlottetown, Prince Edward Island

5 unit apartment building at the corner of Pleasant St and Longworth Ave. 3-1BR units and 2 Bachelor Apartment. 4 parking places and two storey shed on concrete pad. Easy access to downtown in a great location across from Birchwood Intermediate School. Close to everything downtown has to offer. Good income and 7.4% return on investment. Easy to rent. (id:50344)

For sale
$779,000
1319 Gulfshore Parkway, stanhope, Prince Edward Island

1319 Gulfshore Parkway

Stanhope, Prince Edward Island

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. Would you love to own a piece of PEI Oceanfront paradise? Turn-key waterfront cottage business in the heart of North Shore National Park in Stanhope Beach PEI. One of the Island's most popular travel destinations. Located just moments away from the picturesque Covehead Harbour and it's lighthouse. Breathtakingly beautiful oceanfront property. This is one of the most unique waterfront property on PEI. Consists of 5 charming heritage cottages, lovingly upgraded, tastefully decorated with a coastal touch, and fully equipped for a comfortable getaway retreat for your guests or family members and friends. Located just 20 minutes from Charlottetown, the very best of PEI awaits you, world class sandy beaches, bike path at your doorstep runs along the shore, hiking trails, water sports, award winning golf courses, cozy restaurants, craft shops, deep sea fishing, etc. This is a well-established successful seasonal business, these cottages are fully booked for the season with many returning guests year after year. Possibility to do condo conversion or other expansions. Sold as is where it is. (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
$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
$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.