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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
$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
$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)

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
$629,000
449-451 Queen Street, charlottetown, Prince Edward Island

449-451 Queen Street

Charlottetown, Prince Edward Island

Located in the vibrant heart of Charlottetown, this stacked duplex boasts an ideal location, surrounded by a great community and is close to all amenities, steps away from shopping centers, schools, churches, public transportation, and more. The property features a 3-bedroom unit with one bathroom and a 4-bedroom unit with 1.5 bathrooms, along with 5 paved parking spaces, making it a fantastic income generator. Additionally, there's a spacious Detached garage (22 x 12) that provides convenience and storage space. Furthermore, there's an empty lot with great potential to unlock its value. The duplex has undergone a series of renovations and upgrades, including a new roof in 2022, new windows and doors in 2019, updated electric heating and hot water systems in 2016, a new countertop added in 2023, and a new range hood in 2022 for one unit. The property has also received updates in terms of appliances and flooring, a fresh coat of paint, and a new roof for the garage in 2022. All of these improvements contribute to the long-term stability and low maintenance of the property. The great condition and low vacancy rate make this property an exceptional investment choice. Whether you are an experienced or novice investor, this duplex offers a hard-to-miss opportunity to expand your income portfolio. (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)

For sale
$299,000
539 Main Street, montague, Prince Edward Island

539 Main Street

Montague, Prince Edward Island

539 Main Street in Montague is a 3 storey investment property with commercial and retail operations on the main floor and residential apartments on the 2nd & 3rd Floor. (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
$375,000
5819/5821 Campbell Road|Victoria Cross, montague, Prince Edward Island

5819/5821 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own this affordable duplex in Victoria Cross. With 8 bedrooms and 2 bathrooms total, each side offers 4 bedrooms, 1 bathroom and separate dining rooms. These homes are spacious, bright, and have been well maintained throughout the years. Sitting on approximately 2 acres of land, this property offers peace and quiet and yet it?s only minutes to Montague. This location is ideal. Live on one side and rent the other is a very affordable solution to home ownership and available with this property. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:50344)

For sale
$375,000
5825/5827 Campbell Road|Victoria Cross, montague, Prince Edward Island

5825/5827 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own a home and have an income property with this affordable duplex in Victoria Cross. With 8 Bedrooms and 2 bathrooms total, you can live on one side which both have 4 bedrooms, 1 bath and pay part of your mortgage with the income generated from renting the other side of the duplex. Both sides of this home are spacious, bright and are move-in ready. One side is currently vacant and available for a quick move-in date with a tenant in place on the other side. Sitting on approximately 2 acres of land, the property has a serene peaceful feel and yet it?s only minutes to Montague, this location is ideal. Living on one side and rent the other is a very affordable solution to home ownership. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:50344)

For sale
$375,000
5841/5843 Campbell Road|Victoria Cross, montague, Prince Edward Island

5841/5843 Campbell Road, Victoria Cross

Montague, Prince Edward Island

Amazing opportunity to own this affordable duplex in Victoria Cross. This duplex offers 4 bedrooms, 1 bathroom per side for a total of 8 bedrooms and 2 bathrooms. Both sides are spacious, bright, and have been well maintained throughout the years. Sitting on approximately 2 acres of land, this property offers peace and quiet and yet it?s only minutes to Montague. This location is ideal. You can live on one side and rent the other which will make this a very affordable solution to home ownership and available with this property. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (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
$775,000
66/68 Mill Pond Lane, cornwall, Prince Edward Island

66/68 Mill Pond Lane

Cornwall, Prince Edward Island

Welcome to this stunning two-year-old duplex nestled in the prestigious West River subdivision in Cornwall, PEI. Offering 1288 square feet of living space on each side, this home comes with an attached garage and features two units with 3 bedrooms and 2 bathrooms, including an ensuite bathroom off the master bedroom. With an 8-year home warranty and warranties on appliances and heat pumps, your investment is well-protected. Situated in a fantastic family-friendly community, residents enjoy easy access to Cornwall's walking trails and amenities, while also benefiting from a quick 5-minute commute to the city of Charlottetown. Both units are currently tenanted bringing in great rental income. (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
$439,000
A & B 450 Main Street, o'leary, Prince Edward Island

A & B 450 Main Street

O'leary, Prince Edward Island

Here is a side by side duplex with each side having 3 bedrooms, large eat in kitchen, living room & bath. This duplex is in town where you can walk to, shopping, school, rink, medical clinic and all amenities. There is a covered veranda across the front of home for relaxing. Each side has 4 appliances included. Some of the recent upgrades done is, all new vinyl insert windows, exterior steel doors, driveway paved and parking area extended. Home is heated with heat pumps that also provide air conditioning. Live in one and rent the other or whatever suits your needs. (id:50344)

For sale
$390,000
30 Pleasant Street, charlottetown, Prince Edward Island

30 Pleasant Street

Charlottetown, Prince Edward Island

5 unit apartment building at the corner of Pleasant St and Longworth Ave. 3-1BR units and 2 Bachelor Apartment. 4 parking places and two storey shed on concrete pad. Easy access to downtown in a great location across from Birchwood Intermediate School. Close to everything downtown has to offer. Good income and 7.4% return on investment. Easy to rent. (id:50344)

For sale
$779,000
1319 Gulfshore Parkway, stanhope, Prince Edward Island

1319 Gulfshore Parkway

Stanhope, Prince Edward Island

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. Would you love to own a piece of PEI Oceanfront paradise? Turn-key waterfront cottage business in the heart of North Shore National Park in Stanhope Beach PEI. One of the Island's most popular travel destinations. Located just moments away from the picturesque Covehead Harbour and it's lighthouse. Breathtakingly beautiful oceanfront property. This is one of the most unique waterfront property on PEI. Consists of 5 charming heritage cottages, lovingly upgraded, tastefully decorated with a coastal touch, and fully equipped for a comfortable getaway retreat for your guests or family members and friends. Located just 20 minutes from Charlottetown, the very best of PEI awaits you, world class sandy beaches, bike path at your doorstep runs along the shore, hiking trails, water sports, award winning golf courses, cozy restaurants, craft shops, deep sea fishing, etc. This is a well-established successful seasonal business, these cottages are fully booked for the season with many returning guests year after year. Possibility to do condo conversion or other expansions. Sold as is where it is. (id:50344)

For sale
$827,000
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
$2,280,000
2 Ambrose Street, brighton, Prince Edward Island

2 Ambrose Street

Brighton, Prince Edward Island

**CLICK ON MULTIMEDIA FOR VIDEO ** One of a kind historic brick house built by Donald MacKinnon back in 1879. This unique (turnkey rental) property is located in the heart of Brighton, just minutes of walking distance to Victory Park and downtown Charlottetown. There are four upscale suites, in total consist 14 bedrooms and 13.5 bathrooms (about 8500 sqft). The main floor consists of a spacious two bedrooms with ensuite complemented by stately tall ceilings, classy mouldings, pillars and large windows throughout. The second and third floor are side by side, two-level suites, one consists of a three-bedroom with two ensuites and a common bathroom, another consist of four bedrooms with four ensuites and a common bathroom. Both suites with a large wrap-around balcony overlooking a green space across the street. The Carriage House Suite is two-level consists of four bedrooms with 3 ensuites and a common bathroom. All four suites have been significantly re-modelled and upgraded with guest convenience and comfort in mind. Each unit offers modern appliances, an in-suite kitchen and a laundry facility. Other upgrades include a new furnace (2017) and a new roof (2020). This property can be easily converted to a luxury Inn or B&B. Architectural design drawing for the conversion can be provided to a prospective purchaser upon successful offer of the property. All measurements are approximate, and should be verified by the purchaser(s). This is a must see! The property was recently renovated, and all the units are now rented by long-term tenants. The the pictures and videos might not accurately reflect its current appearance. The current property tax is based on non-resident. (id:50344)

For sale
$445,000
4 Lady Slipper Drive S, miscouche, Prince Edward Island

4 Lady Slipper Drive S

Miscouche, Prince Edward Island

Welcome to the beautiful community of Miscouche just minutes outside of Summerside. Great investment opportunity with this 3 unit apartment building located across from the Post Office and Cook's Corner convenience store. Units consist of two two bedroom apartments and a one bedroom apartment. Units have long term tenants which make it a great investment property. Unit is sitting on a poured concrete basement with 3 storage units and a laundry room. Book appointment for viewing! (id:50344)

For sale
$348,000
590 Main Street, montague, Prince Edward Island

590 Main Street

Montague, Prince Edward Island

Attention investors/renovators! Amazing 4 Unit-Apartment investment opportunity in beautiful Montague! 590 Main Street features 4 one-bedroom apartments overlooking gorgeous Montague River. The convenient location is close to most amenities within 5 min drive. With the firm concrete foundation and a full walkout basement, the building has lots of potential for future updates for either long or short term rentals. New roof in 2019, new levelled rear gravel parking in 2021, fiberglass oil tank and coin operated laundry in the basement. All measurements are approximate and are to be verified by the purchaser. Vendor is listing agent. (id:50344)

For sale
$7,300,000
1-25 Red Fox Court, charlottetown, Prince Edward Island

1-25 Red Fox Court

Charlottetown, Prince Edward Island

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. The 10 Duplex Village, called Evergreen Village Inc. in West Royalty is just 5 years new with attached double garages is for SALE! The 7.3 Million dollar parcel is for sale complete, all tenanted. This is condo corporation #50. The Financials can be given to serious buyers that must show proof of financial means to purchase the property. This is considered a 20 Unit Condominium, with 20 single semi-detached units. High end appliances in each unit and ready to be SOLD to next OWNER. (id:50344)

For sale
$425,000
3 &  5 Spring Street, charlottetown, Prince Edward Island

3 & 5 Spring Street

Charlottetown, Prince Edward Island

Very solid Charlottetown duplex in the heart of downtown. Was fully rented with good income and good return on investment. Tenants pay heat and lights. Building has been converted to electric heat. Close to schools, shopping, fitness facilities, rinks, ball fields, bus routes and loads of eating establishments. Live in one side and rent the other or rent both sides. This is a good investment property. (id:50344)

For sale
$399,900
67 Central Street, summerside, Prince Edward Island

67 Central Street

Summerside, Prince Edward Island

Come to 67 Central St in Summerside PEI and find this great income property worth investing in. This is a 5-unit apartment building in the downtown area, it consists of 2 three-bedroom units, a 2 bedroom unit, a large 1 bedroom and a bachelor apt. The building generates $3425 monthly and has long-term tenants. The main floor is the 3 bedroom apt with a large kitchen, dining and living room along with a single bathroom. The second floor has a two bedroom apt, a 1 bedroom apt and a bachelor unit. The third floor is a 3 bedroom apartment. There is a shared laundry located on the main level common area entrance. Plenty of parking and there has been plenty of updates to this building. Each unit has its own electrical meter. Heat is included in the rent. Large basement that is being used for storage. Income and expenses in documents. Walking distance to schools, downtown, Credit Union Place, and Summerside's boardwalk. (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)

For sale
$3,400,000
20-28 Miah Drive, cornwall, Prince Edward Island

20-28 Miah Drive

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)

For sale
$767,900
54-56 Mill Pond Lane, cornwall, Prince Edward Island

54-56 Mill Pond Lane

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)

For sale
$799,000
265 Richmond Street, charlottetown, Prince Edward Island

265 Richmond Street

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)

For sale
$1,620,000
16-22 Beech Hill Avenue, east royalty, Prince Edward Island

16-22 Beech Hill Avenue

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)

For sale
$649,000
31 CHURCH HILL Avenue, north rustico, Prince Edward Island

31 Church Hill Avenue

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)

For sale
$649,000
15 SUNRISE Crescent, north rustico, Prince Edward Island

15 Sunrise Crescent

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)

For sale
$669,000
3-5 Ridgemount Court, charlottetown, Prince Edward Island

3-5 Ridgemount Court

Charlottetown, Prince Edward Island

Discover a remarkable investment opportunity in Charlottetown's highly sought-after Spring Park area! This well-maintained duplex is perfect for investors and families alike, offering both comfort and convenience in an idyllic neighbourhood setting. The first unit, No. 3, boasts four spacious bedrooms and two bathrooms, creating an ideal haven for a growing family. The wood-burning fireplace insert in the living area adds a cozy touch, while the open-concept layout ensures a bright and inviting atmosphere. Enjoy a heat pump for energy efficient heating and cooling. The covered patio is perfect for dining and entertaining, and with lower-level in-floor heating, you'll enjoy year-round comfort. The private driveway provides ample space for parking. Unit No. 5 features a stylish two-storey design with three bedrooms and 1.5 bathrooms, as well as a full basement offering additional living and storage space. The private driveway ensures hassle-free parking for residents or tenants. Nestled on a quiet cul de sac, this splendid duplex sits on a generous 0.21-acre plot within a popular school district, making it an ideal choice for families. With a total of four parking spaces and a location close to local amenities, this property is truly a rare find. Don't miss your chance to secure this outstanding investment opportunity and provide a beautiful home for your family or tenants. Enquire today! (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
$449,000
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
$799,000
6948 Rustico, north rustico, Prince Edward Island

6948 Rustico

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)

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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