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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
$650,000
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
$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
$499,999
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, 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
$385,000
44 BAYFIELD Street, charlottetown, Prince Edward Island

44 Bayfield Street

Charlottetown, Prince Edward Island

44 Bayfield Street is an over/under duplex located in the heart of Charlottetown. This prime location is within walking distance to restaurants, shops, schools, parks, Charlottetown?s waterfront and Holland College. There is also plenty of off-street parking around the back. This duplex has had a complete renovation inside and out in 2012 and has been well maintained since. Upgrades include new 100-amp panel, new plumbing, hot water heater, new kitchen, bathrooms, new windows, fiberglass oil tank (2014) and a new steel roof (2018). The upper unit is a 2 bedroom, 1 bath and is currently vacant. The lower unit is a 1 bedroom, 1 bath and is tenanted. (id:50344)

For sale
$815,000
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
$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
$529,900
18-20 Selkirk Crescent, charlottetown, Prince Edward Island

18-20 Selkirk Crescent

Charlottetown, Prince Edward Island

Welcome to this charming duplex nestled in Charlottetown on a quiet crescent street, perfect for families seeking both comfort and convenience. Each unit boasts three spacious bedrooms and a bright, inviting bathroom, providing ample space for relaxation and daily living. With its family-friendly atmosphere and proximity to downtown, this property offers the ideal balance of suburban serenity and urban accessibility. Whether you're looking for a peaceful retreat or a vibrant city lifestyle, this duplex promises the best of both worlds. Plus, with both sides vacant upon closing, the opportunity for customization and investment awaits. Don't miss out on making this duplex your new home sweet home. All measurements are approximate and should be verified by the Buyer(s). (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
$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
$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
$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)

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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