Multi-residential properties for sale in PEI

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)

Cornwall, Prince Edward Island

Great turnkey investment property. Duplex located in the fast growing West River Estates subdivision. Each unit has 3 bedrooms, 2 full baths, with the primary bedroom having ensuite bathroom with double vanity and 2 spacious walk-in closets. Open concept kitchen/dining/living room. Enjoy your heated double car garage with double paved driveways. Home heating and electricity is under $2000 yearly per side with heat pumps. Tenants are paying heats and lights. Kitchen includes granite counter tops, stainless steel appliances and a large island. Soft close doors, back private decks and front covered decks. Everything on one floor/no stairs. Minutes to many amenities of Cornwall and close to Charlottetown. City water and sewer. Tenants on both sides. Very easy to rent. Quick closing available. City bus service to Charlottetown. (id:50344)

Charlottetown, Prince Edward Island

One of a kind historic property overlooking a beautiful city park, a short walk to the Charlottetown waterfront and the downtown area. This property has paved off street parking at the rear. Offered is a 4-1 bedroom unit building, Unit # 3 has access to the third floor by way of a spiral staircase constructed and installed by Ravenwood Stairways in 2023. This unit could be converted to a 3 or 4 bedroom apartment or condo. Surveys and Condo Association paperwork have been drawn up. There is numerous sheets of drywall already in stored on the third floor ready for finishing. A new High Efficiency Bureaus furnace was installed in Dec 2023, a high end oil tank is in place and a new electric 60 gal water heater was also installed in 2023, The building has most of the work completed to be converted to Condos. Please Note : The Listing Agent is part owner of the property. (id:50344)

East Royalty, Prince Edward Island

Investment property. This listing features 2 duplexes - each side complete is a spacious 1380 sq. ft. duplex on a slab featuring an open concept kitchen, living room with vaulted ceilings, 3 well-sized bedrooms and a double car garage. The master bedroom includes a walk-in closet and en-suite bathroom complete with a large double vanity with stone tops. The kitchen includes a large island, pantry and quartz countertops. Excellent location in the growing community of East Royalty. 3 Units are under lease and one unit is vacant for showing. Easy to rent. Tenants pay for heat/lights/grass cutting/ snow removal. (id:50344)

North Rustico, Prince Edward Island

Well maintained 6 unit apartment building in the heart of North Rustico. Each unit features an eat-in kitchen, a living room with doors leading to a back deck, two bedrooms, full bathroom, laundry, and in floor heat. The town?s grocery store, restaurants, bakery, post office and new recreation center are within short walking distance. A gas station, hardware store, liquor store, pharmacy, bank, Lions Club and Bowling alley are just a short drive away. North Rustico has gorgeous beaches, a great park, boardwalk shops, and a beautiful harbour that all add charm to the area! Heat is paid for by the landlord and each unit has its own electrical meter. All units are currently filled and rent controlled. (id:50344)

North Rustico, Prince Edward Island

Well maintained 6 unit apartment building in the heart of North Rustico. Each unit features an eat-in kitchen, a living room with doors leading to a back deck, two bedrooms, full bathroom, laundry, and in floor heat. The town?s grocery store, restaurants, bakery, post office and new recreation center are within short walking distance. A gas station, hardware store, liquor store, pharmacy, bank, Lions Club and Bowling alley are just a short drive away. North Rustico has gorgeous beaches, a great park, boardwalk shops, and a beautiful harbour that all add charm to the area! Heat is paid for by the landlord and each unit has its own electrical meter. All units are currently filled and rent controlled. (id:50344)

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)

North Rustico, Prince Edward Island

Excellent income opportunity - year round or seasonal rentals! This 6 unit, fully furnished property currently operating as a seasonal business consists of 1 - 4BR winterized house, 2 duplex units; each with a 1BR and a 2BR unit and a standalone 3BR chalet. Continue to operate seasonally, with PEI's lucrative tourism based short term rental market, or, decide to rent as long term rentals. The main house has a newly installed propane forced air furnace, new water heater with other recent updates including: roof, 200 amp panel and 5' deep, heated in-ground pool. The other units are also insulated and heated and would only require some skirting insulation and minor additions to be winter ready! Fantastic opportunity to live in the heart of PEI's North Shore Communitiy while earning an income at the same time! (id:50344)