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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)

For sale
$1,300,000
50 Grafton Street, charlottetown, Prince Edward Island

50 Grafton Street

Charlottetown, Prince Edward Island

Presenting an exceptional investment opportunity in the heart of downtown Charlottetown. This property features seven fully renovated units, meticulously upgraded over the past six years to ensure modern comfort and style while preserving the area's historic charm. Recent upgrades include new oil tanks (2023), chimney replaced (2023), replacement of all windows (2022/2023), siding (2023), flooring (2023), and cabinets (2023), enhancing both the property's aesthetic appeal and operational efficiency. Conveniently located within walking distance to the Charlottetown waterfront, Confederation Centre, shopping outlets, restaurants, and places of worship, this property offers unparalleled accessibility to amenities and attractions. With its prime location and attractive features, this property presents a compelling investment opportunity, promising strong income potential and enduring value in Charlottetown's dynamic real estate market. Don't miss out on the opportunity to own a piece of downtown Charlottetown's allure and capitalize on its lucrative potential. (id:50344)

For sale
$3,200,000
32-36 Harold Court, cornwall, Prince Edward Island

32-36 Harold Court

Cornwall, Prince Edward Island

Built-in 2022 are 2 apartment buildings- 6 plex apartments each on a slab in the heart of Cornwall. Each building has 6 units for a total of 12 apartments. Each building has 5 two-bedroom, 1 bath apts and 1 one-bedroom, 1 bath apt per building for a total of 12 apts. Secured buildings & camera monitored. Each apt has a balcony, In-Suite laundry/storage, white kitchen with quartz tops, stainless steel appliances (F,S,D/W,MICRO) backsplash, laminate flooring, heat pumps for heat and air conditioning & convect air heating. Each apt/tenant pays their own heat & all utilities. Ample paved parking for tenants and guests, well-rented, never a vacancy - many retired tenants. Assumable mortgage available. (id:50344)

For sale
$759,000
77 Bayfield Street, charlottetown, Prince Edward Island

77 Bayfield Street

Charlottetown, Prince Edward Island

This apartment building presents an excellent opportunity for investors to generate steady rental income in the downtown area. With a mix of one and two-bedroom units each with their own heat pump, it appeals to a broad range of tenants, ensuring a high occupancy rate. The addition of five parking spaces is a valuable asset, making this property even more appealing. There are also laundry facilities on site for tenant convenience. Don't miss your chance to own a piece of downtown real estate with great income potential.Schedule a viewing and see for yourself the incredible investment opportunity this apartment building provides. (id:50344)

For sale
$390,000
305-307 Connolly Crescent, montague, Prince Edward Island

305-307 Connolly Crescent

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)

For sale
$339,000
11 Spring Street, charlottetown, Prince Edward Island

11 Spring Street

Charlottetown, Prince Edward Island

Charming downtown Charlottetown Duplex for sale. Prime location with walking distance to amenities including shops, restaurants, Victoria Park, and downtown core. With an R3 zoned lot this makes it ideal for any investor or those seeking affordable housing. Main level: Porch, kitchen with pantry, dining room, living room, storage area. Upper Level: 3 bedrooms, and 1 bathroom. Don't miss this opportunity to own a piece of historic Downtown Charlottetown. All measurements approximate and should be verified. (id:50344)

For sale
$434,900
14-16 Felling Street, charlottetown, Prince Edward Island

14-16 Felling Street

Charlottetown, Prince Edward Island

Charlottetown Triplex located at 14-16 Felling Street is available for purchase. Situated in a mature, peaceful neighbourhood, this property is highly desirable to tenants as you can walk to most amenities or a bike ride to all conveniences that come with living in a city including minutes from the Confederation trail. The property has undergone renovations, from the installation of a new boiler pot in the furnace, spray foam insulated the walls in the basement plus the back 2 rooms of unit 16. All of Unit 16 has been renovated. The property features three 2 bedroom units, all occupied with great tenants. Rent amounts include heat and water, tenants pay their own electricity. (id:50344)

For sale
$815,000
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
$815,000
44-46 Samantha Lane, cornwall, Prince Edward Island

44-46 Samantha Lane

Cornwall, Prince Edward Island

Your dream home is currently under construction at "Scottsview Meadows", Cornwall's newest subdivision. This duplex is comprised of two 1288 square feet of finished living space which 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 in place 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. Co-operating commission to be paid on net sale price. HST rebate to be signed back to the seller. Taxes/assessments to be determined. Measurements are approximate and should be verified by the buyers with the attached floor plans if necessary. Listing agent is part owner of the development. (id:50344)

For sale
$599,900
27/29 Dorchester Street, charlottetown, Prince Edward Island

27/29 Dorchester Street

Charlottetown, Prince Edward Island

Introducing a remarkable opportunity for investors and first-time home buyers alike, this charming and spacious duplex is nestled in the heart of downtown Charlottetown, at 27/29 Dorchester Street. This property offers a fantastic investment for those looking to expand their portfolio or find their dream home. This stunning duplex features two well-proportioned bedrooms and two bathrooms on both sides, providing ample space for comfortable living. The property is equipped with heat pumps in both units, ensuring warmth and comfort throughout the year. The fantastic kitchens will inspire your culinary creations, while the open layout provides the perfect space for entertaining and spending time with loved ones. Furthermore, with the property's prime location in downtown Charlottetown, you will be within walking distance to all the amenities you could possibly need. This includes shops, restaurants, schools, parks, and recreational facilities as well as steps to Charlottetown waterfront boardwalk, Holland Colleges Culinary school and the historic lot 500 zone. One of the most enticing aspects of this duplex is the potential for rental income. Investors will relish in the opportunity to rent one side whilst living in the other, maximizing their investment and making this an even more attractive prospect. Don't miss out on this incredible opportunity to own a spacious duplex in the highly sought-after area of downtown Charlottetown. With its excellent features, prime location, and potential for rental income, 27/29 Dorchester is the perfect choice for investors and first-time home buyers alike. Arrange a viewing today and discover all that this unique property has to offer. (id:50344)

For sale
$557,000
35-39 Rankin Court, charlottetown, Prince Edward Island

35-39 Rankin Court

Charlottetown, Prince Edward Island

Step into this delightful side-by-side duplex, perfectly situated near kindergarten, schools, UPEI, and shopping centers for your convenience. This prime location offers easy access to everything you need. On the main floor, you'll find a spacious living room, a convenient half bath, and a bright eat-in kitchen that opens onto a private deck. Upstairs, discover three bedrooms and a full bath, providing ample space for comfortable living. The unfinished basement holds untapped potential for future development. Plus, the seller has invested $30,000 in upgrades, including new windows in 2020, fresh paint in 2022, a new deck and shed in 2022, and more. Don't let this rare opportunity slip by. Come see this fantastic duplex in its desirable location today! (id:50344)

For sale
$1,199,000
12 Driftwood Country Lane, anglo tignish, Prince Edward Island

12 Driftwood Country Lane

Anglo Tignish, Prince Edward Island

A very well maintained and operated turn key cottage rental business. This business is just across the laneway from the Gulf of St. Lawrence. Beautiful sandy beach where you can walk for miles/kms. Enjoy the sunshine or fish for some bass from the shoreline. These are very well built cottages and the owner has done many renos and upgrades. They are rented out on weekly rates in summer season and can be rented out in winter and off season as they are all insulated and heated. Year round income. There are 5 cottages, 3 two bedrooms and 2 three bedrooms, one of 2 bedrooms is handicap accessible. Wood shingle exteriors on the cottages and there is a concrete foundation ready for another cottage. "THE OWNER IS OPEN TO SELLING A PORTION OF THE BUSINESS IF THERE IS INTEREST.". (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)

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.