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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
$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)

For sale
$1,499,000
647 CROOKED CREEK Road|645, 651,653, oyster bed bridge, Prince Edward Island

647 Crooked Creek Road, 645, 651,653

Oyster Bed Bridge, Prince Edward Island

MULTI-RESIDENTIAL INCOME PROPERTY. Welcome to #645, #647, #651, and #653 Crooked Creek Road, in Oyster Bed Bridge. This multi-residential property is located 20 min from Charlottetown and 30 min to Summerside. The property consists of four buildings, with a total of 12 units, and 2.6 acres of land. Building #645 is a 2-story duplex, building #647 is a bungalow fourplex, building #651 is a 2-story triplex, and building #653 is a two-story triplex. The buildings are all fully tenanted, with good rents and good tenants. The buildings have all had upgrades over the years, and all four have newer metal roofs. There is also a two-coin laundry washer and dryer on site for the tenants. Income statements are available upon request, for approved potential buyers. (id:50344)

For sale
$385,000
5 Dairy Lane, stratford, Prince Edward Island

5 Dairy Lane

Stratford, Prince Edward Island

Unique 2-unit property on a private lane. The front unit has a nice entrance with included washer and dryer, a bright living room and kitchen with fridge and stove 2 bedrooms, an office and a full bath on the 2nd level. The back unit has an open kitchen (fridge and stove included), dining area and master bedroom with 3 3-piece en-suite bath on the main level. The lower level has a large rec room, full bath, 2nd bedroom, large flex room and utility area with included washer & dryer. Comes on a great lot, over 2.5 acres. Also 24x32 garage with washroom and wood heat. Fully insulated. Note Listing agent is also the seller. (id:50344)

For sale
$285,000
11-13 Orlebar Street, charlottetown, Prince Edward Island

11-13 Orlebar Street

Charlottetown, Prince Edward Island

Downtown location, line up of tenants wanting to rent. 5-minute walk to Holland College. New heat pumps and electric heat. Two bedrooms, living area, dining room and kitchen! Great long-term investment. Main floor rents for $995. Second floor $900. (id:50344)

For sale
$985,500
239 Cumberland Street, charlottetown, Prince Edward Island

239 Cumberland Street

Charlottetown, Prince Edward Island

239 Cumberland Street!...This is an exceptional income property nestled in the heart of Charlottetown, offering convenience, comfort, and a promising investment opportunity. This restored building stands within walking distance to downtown, Holland College, and an array of amenities, ensuring a desirable location for tenants and investors alike. The property has undergone significant upgrades, including a new roof, new siding, high-efficiency furnace, fiberglass oil tank, and installation of two brand new electric hot water tanks. These updates enhance the property's longevity and efficiency, reducing maintenance costs for the owner. With eight rental units, this property offers a steady stream of income for the discerning investor. The units are in high demand due to their convenient location and well-maintained amenities, ensuring consistent occupancy and a healthy return on investment. Each unit is equipped with its own washer/dryer and heat pump, providing tenants with convenience and comfort. Off-street parking further adds to the appeal of the property, enhancing tenant satisfaction and attracting potential renters. The units at 239 Cumberland Street are in high demand, with a track record of being easily rented out. The property's prime location, coupled with its historical charm, make it a sought-after choice among tenants. The combination of recent upgrades, prime location, and high demand for rental units ensures both short-term profitability and long-term appreciation potential. Whether you're a seasoned investor looking to expand your real estate portfolio or a newcomer to the market seeking a reliable investment, 239 Cumberland Street offers the perfect blend of income potential and property value appreciation. Don't miss out on this chance to own a piece of Charlottetown's thriving rental market. (id:50344)

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
$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
$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)

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.