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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 Open House
$458,000
20 WALTHEN Drive, charlottetown, Prince Edward Island

20 Walthen Drive

Charlottetown, Prince Edward Island

Charming downtown two-unit property with off street parking. Front unit is three bedrooms and one bath complete with appliances. It has just been refurbished and is ready for occupancy. Back unit is one bedroom and one bath and is currently rented. (id:50344)

For sale
$369,900
110 Ottawa Street, summerside, Prince Edward Island

110 Ottawa Street

Summerside, Prince Edward Island

Triplex at the corner of Ottawa and King St for sale. Triplex has 2 - 2 bedroom units and 1-1 bedroom unit. The 2 bedroom units are side by side split level and each unit has the kitchen and bathroom on the main level, living room on the mid level and 2 bedrooms on the 2nd level. The 1 bedroom unit entrance is located at the rear of the house and is a basement apartment. It has its own separate driveway on King St. The shared laundry room is in the basement. Improvements include new roof 2022, Unit 1 and 2 bathroom renos in 2019. This property is a 12 - 15 minute walk to downtown Summerside, Parkside Elementary School, Summerside Baseball fields and Three Oaks Senior High school. The entrance to the Heather Moyse Heritage Park is at the end of the block. If you are interested in viewing please call Betsy 902 439-5751 to arrange a showing. Tenants require 24 hours notice. (id:50344)

For sale
$299,900
Road 63 Anderson Road, kinkora, Prince Edward Island

Road 63 Anderson Road

Kinkora, Prince Edward Island

Introducing a new investment opportunity with this triplex in the heart of Kinkora. Situated across from Kinkora High School and a popular gas station, this property boasts exceptional visibility and convenience. Comprising of three units that each offer two bedrooms and one bath, all currently occupied. A durable metal roof, installed approximately five years ago, provides long-term protection. All units are situated on the ground level, featuring open-concept layouts with kitchen and living areas, while bedrooms are tucked away at the back. On-site coin-operated laundry facilities, while ample parking is available in front of the building for tenants. The property sits on a generous .3 acre lot. While the property is presently serviceable, there is potential for enhancement with some TLC, presenting an opportunity for investors to increase its value. This listing caters specifically to investors seeking a straightforward income-generating asset. (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
$349,900
5819/5821 Campbell Road|Victoria Cross, montague, Prince Edward Island

5819/5821 Campbell Road, Victoria Cross

Montague, Prince Edward Island

5819/5821 Campbell Road, a beautiful Duplex in Victoria Cross on 2 acres of land and only minutes to downtown Montague. Both sides of this duplex have 4 bedrooms, 1 full bath, are spacious, bright, and have been well maintained throughout the years. Being surrounded by trees and nature, this property offers peace and quiet yet is close to everything including schools, shopping, golf, beaches & restaurants. Homeownership has never been more affordable, you can live on one side and have tenants rent out the other side. You will be paying less than rent to own this 8 bedroom duplex on 2 acres of land. Here is an approximate breakdown of the numbers. Mortgage: $349,900 Mortgage Rate: 5.6% Downpayment: 5% Taxes: $233 Monthly Payment: $2130.00 Rent from other side: $1150 Total Monthly Cost: $1213.00 Your approximate monthly cost is $1213.00. If you need help with the down payment, the government of PEI has a downpayment assistance program where eligible applicants can apply to receive a conditionally interest free loan of up to five per cent of the purchase price of a home, to a maximum loan of $17,500. This is a great opportunity on this prime property with easy maintenance. (id:50344)

For sale
$349,900
5825/5827 Campbell Road|Victoria Cross, montague, Prince Edward Island

5825/5827 Campbell Road, Victoria Cross

Montague, Prince Edward Island

5825/5827 Campbell Road, a beautiful Duplex in Victoria Cross on 2 acres of land and only minutes to downtown Montague. Both sides of this duplex have 4 bedrooms, 1 full bath, are spacious, bright, and have been well maintained throughout the years. Being surrounded by trees and nature, this property offers peace and quiet yet is close to everything including schools, shopping, golf, beaches & restaurants. Homeownership has never been more affordable, you can live on one side and have tenants rent out the other side. You will be paying less than rent to own this 8 bedroom duplex on 2 acres of land. Here is an approximate breakdown of the numbers. Mortgage: $349,900 Mortgage Rate: 5.6% Downpayment: 5% Taxes: $233 Monthly Payment: $2130.00 Rent from other side: $1150 Total Monthly Cost: $1213.00 Your approximate monthly cost is $1213.00. If you need help with the down payment, the government of PEI has a downpayment assistance program where eligible applicants can apply to receive a conditionally interest free loan of up to five per cent of the purchase price of a home, to a maximum loan of $17,500. This is a great opportunity on this prime property with easy maintenance. (id:50344)

For sale
$349,900
5841/5843 Campbell Road|Victoria Cross, montague, Prince Edward Island

5841/5843 Campbell Road, Victoria Cross

Montague, Prince Edward Island

5841/5843 Campbell Road, a beautiful Duplex in Victoria Cross on 2 acres of land and only minutes to downtown Montague. Both sides of this duplex have 4 bedrooms, 1 full bath, are spacious, bright, and have been well maintained throughout the years. Being surrounded by trees and nature, this property offers peace and quiet yet is close to everything including schools, shopping, golf, beaches & restaurants. Homeownership has never been more affordable, you can live on one side and have tenants rent out the other side. You will be paying less than rent to own this 8 bedroom duplex on 2 acres of land. Here is an approximate breakdown of the numbers. Mortgage: $349,900 Mortgage Rate: 5.6% Downpayment: 5% Taxes: $233 Monthly Payment: $2130.00 Rent from other side: $1150 Total Monthly Cost: $1213.00 Your approximate monthly cost is $1213.00. If you need help with the down payment, the government of PEI has a downpayment assistance program where eligible applicants can apply to receive a conditionally interest free loan of up to five per cent of the purchase price of a home, to a maximum loan of $17,500. This is a great opportunity on this prime property with easy maintenance. (id:50344)

For sale
$795,000
38-40 Samantha Lane, cornwall, Prince Edward Island

38-40 Samantha Lane

Cornwall, Prince Edward Island

Your dream home is newly built at "Scottsview Meadows", Cornwall's newest subdivision. This semi-detached home is comprised of 2 units, 1288 square feet each of finished living space that 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 inplace 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. Taxes/assessments to be determined. Measurements are approximate and should be verified by the buyers with the attached floor plans if deemed necessary. Listing Agent is related to Seller. (id:50344)

For sale
$289,000
257 Euston Street, charlottetown, Prince Edward Island

257 Euston Street

Charlottetown, Prince Edward Island

This over/under duplex features a one bedroom unit on each level. Located within walking distance to Holland College, the Downtown Core, and conveniently close to the bus stop, perfect for those going to school in the area. The building was updated with electric heat on both levels and a heat pump making each level able to heat or cool their unit however they wish to suit their needs. The lower level opens into an eat-in kitchen, large living room, 3/4 bathroom and large bedroom. On the upper level the kitchen opens into the living room/dining area. A 3/4 bath sits at one end of the hallway while at the other sits a large bedroom. (id:50344)

For sale
$599,900
66 Geordies Lane, travellers rest, Prince Edward Island

66 Geordies Lane

Travellers Rest, Prince Edward Island

Income potential in this 2 unit waterfront property! 66 Geordies Lane sits on a .86 acre waterfront lot with stunning water views and arguably the most beautiful sunsets on the island (year round). At low tide you can walk for miles exploring the bay or go kayaking and fishing whenever your heart desires. This location is extremely private with only a hand full of year round residents on this road and no next door neighbour on one side. The home has seen many recent upgrades including but not limited to: new appliances, siding, roof, decks, interior paint, counter tops and updated fixtures. Property taxes here are a low $3754 per year. From the driveway you'll notice two front entrance doors, one is for the main house and one is for the 2 bedroom 2 full bathroom second unit with separate laundry and gorgeous water views. Walking through the entry way for the main house, you're greeted with a great size porch area with ample storage, laundry and a half bath. To your right is the living area with massive windows that offer sprawling country views. Around the corner from the living area is the open concept kitchen and dining room with patio doors that lead to your back deck, and another door onto your wrap around deck so no matter the weather, you can enjoy this slice of heaven. Upstairs is your primary suite with walk in closet and full bath as well as a private balcony overlooking the Malpeque Bay. On the lower level there are 4 more bedrooms (which do not have egress windows), 1 full bathroom, the furnace/utility room and a cold storage area. Heading upstairs and back into the entryway, you'll see a side door which connects with the second unit from inside, should you wish. Come and see what country living is all about here on Prince Edward Island. See our virtual tour in the link below! (id:50344)

For sale
$485,000
277-279 FITZROY Street, charlottetown, Prince Edward Island

277-279 Fitzroy Street

Charlottetown, Prince Edward Island

Invest in your future with 277-279 Fitzroy Street! This duplex, boasting two spacious two bedroom units (1,548 sq. ft.), with 1 bath is ready for a new owner seeking immediate income and long term potential. This spacious side by side duplex is situated on a large lot with lots of green space to set up your own backyard oasis. It is located near downtown Charlottetown and within walking distance to the Holland College Charlottetown campus and the downtown business district. Both sides are currently rented, with the right side becoming vacant as of May 1 and the other as of the end of May, 2024. This duplex will not disappoint. No PDS, property is being sold "as is where is". All measurements are approximate and should be verified by purchaser if deemed necessary. Listing Agent is related to the Vendor. (id:50344)

For sale
$635,000
30/30A/32 NEWLAND Crescent, charlottetown, Prince Edward Island

30/30a/32 Newland Crescent

Charlottetown, Prince Edward Island

This property is situated in a mature, peaceful neighbourhood of central Charlottetown. This fully rented triplex features a three bedroom unit, a two bedroom unit as well as a one bedroom unit. Located in a highly desirable area, it allows for tenants to walk to schools, grocery stores, banks or take a bike/bus ride to all conveniences that come with living in a city. Recent updates include the roof as well as the vinyl siding. All measurements are approximate and should be verified by purchaser if deemed necessary. No PDS, property being sold ?as is where is?. Please note: Listing agent is related to the Vendor. (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.