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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
$439,000
A & B 450 Main Street, o'leary, Prince Edward Island

A & B 450 Main Street

O'leary, Prince Edward Island

Here is a side by side duplex with each side having 3 bedrooms, large eat in kitchen, living room & bath. This duplex is in town where you can walk to, shopping, school, rink, medical clinic and all amenities. There is a covered veranda across the front of home for relaxing. Each side has 4 appliances included. Some of the recent upgrades done is, all new vinyl insert windows, exterior steel doors, driveway paved and parking area extended. Home is heated with heat pumps that also provide air conditioning. Live in one and rent the other or whatever suits your needs. (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
$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
$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)

For sale
$425,000
3 &  5 Spring Street, charlottetown, Prince Edward Island

3 & 5 Spring Street

Charlottetown, Prince Edward Island

Very solid Charlottetown duplex in the heart of downtown. Was fully rented with good income and good return on investment. Tenants pay heat and lights. Building has been converted to electric heat. Close to schools, shopping, fitness facilities, rinks, ball fields, bus routes and loads of eating establishments. Live in one side and rent the other or rent both sides. This is a good investment property. (id:50344)

For sale
$399,900
67 Central Street, summerside, Prince Edward Island

67 Central Street

Summerside, Prince Edward Island

Come to 67 Central St in Summerside PEI and find this great income property worth investing in. This is a 5-unit apartment building in the downtown area, it consists of 2 three-bedroom units, a 2 bedroom unit, a large 1 bedroom and a bachelor apt. The building generates $3425 monthly and has long-term tenants. The main floor is the 3 bedroom apt with a large kitchen, dining and living room along with a single bathroom. The second floor has a two bedroom apt, a 1 bedroom apt and a bachelor unit. The third floor is a 3 bedroom apartment. There is a shared laundry located on the main level common area entrance. Plenty of parking and there has been plenty of updates to this building. Each unit has its own electrical meter. Heat is included in the rent. Large basement that is being used for storage. Income and expenses in documents. Walking distance to schools, downtown, Credit Union Place, and Summerside's boardwalk. (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)

For sale
$3,400,000
20-28 Miah Drive, cornwall, Prince Edward Island

20-28 Miah Drive

Cornwall, Prince Edward Island

Exceptional investment opportunity in a rapidly growing and sought-after Cornwall neighbourhood! Nestled within this thriving locale are meticulously maintained 12 units, distributed across two separate buildings. Each building has five two-bedroom units and one one-bedroom unit. These units produce positive cash flow and consistent full occupancy, complemented by an impressive tenant history. These turn-key units are equipped with modern amenities including fridge, stove, microwave, dishwasher, washer, dryer, and heat pump ensuite, cater perfectly to prospective tenants' desires. The recent addition of solar panels enhances energy efficiency and contributes to low operating costs. Even more enticing, a qualified Buyer has the option to assume the existing mortgage at a preferred lower interest rate, with approximately 2 and half years left on the term. Ideal for astute investors looking to expand their portfolio, call today! HST to be determined by individual basis. Note: Listing agent is related to the seller. (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.

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