Prime Multi-Family Investment: 78 Main Street, Cornwall, PEI. Unlock the Potential in a High-Growth Corridor This 8-unit apartment complex offers a rare blend of stable rental income and exceptional long-term development potential. Situated on a generous 0.69-acre lot, this property is perfectly positioned for an investor looking to capture value in one of Prince Edward Island's most sought-after communities. Investment Highlights: Stable Asset: An established 8-unit complex with a proven track record. Value-Add Opportunity: Several units have already been tastefully renovated, reducing immediate capital expenditure and offering competitive rental appeal. Significant Development Upside: The expansive 0.69-acre lot provides viable space to increase density and add further units, offering a clear path to growing your investment footprint. Unbeatable Accessibility: Ideally located with seamless access to the Cornwall Center and the Bypass Highway for regional travel, and just minutes away from downtown Charlottetown. This property serves as the perfect cornerstone for a growing portfolio. By combining the current cash flow of the existing units with the development potential of the land, 78 Main Street offers a dual-strategy investment: reliable returns and substantial future equity growth. (id:4069)
Address
78 Main Street
List Price
$920,000
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Cornwall
Lot Size
0.7 Sq. Ft.
Year Built
1976
MLS® Number
202616335
Listing Brokerage
ROYAL LEPAGE PRINCE EDWARD REALTY
Basement Area
None
Postal Code
C0A1H8
Ownership
Freehold
Site Influences
Park, Playground, Public Transit, Recreation, Shopping
Community Features
School Bus
Appliances
Stove, Dryer, Washer, Refrigerator
Heat Source
Oil
Heat Type
Baseboard heaters
Foundation Details
Concrete Block, Poured Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
