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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$999,000
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$375,000
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$375,000
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$375,000
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$544,900
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$775,000
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$1,199,000
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$439,000
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$390,000
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$779,000
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$299,900
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$379,000
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$1,600,000
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$827,000
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$2,280,000
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$445,000
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$1,499,000
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$325,000
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$629,000
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$815,000
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$629,900
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$3,150,000
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$348,000
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$750,000
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.