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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
$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
$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
$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
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
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
$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
$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
$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
$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)

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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