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.
For sale
C$920,000
78 Main St, Cornwall, PE C0A 1H5
16beds
--baths
--sqft
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 4 days |
- 12 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Don Poley,PEI - Sales,
ROYAL LEPAGE PRINCE EDWARD REALTY
Source: Prince Edward Island REA,MLS®#: 202616335
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
Heating
- Baseboard
Appliances
- Included: Stove, Dryer, Washer, Refrigerator
Features
- Flooring: Laminate, Vinyl
- Basement: None
Property
Parking
- Parking features: Gravel, Parking Spaces(s), No Garage
- Details: Parking Details(Parking Is In The Back For All Residents.)
Lot
- Size: 0.7 Acres
- Dimensions: 0.69
- Features: 0.5 to 0.99 Acres
Details
- Parcel number: 463612
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block, Concrete Perimeter
- Roof: Asphalt
Condition
- Year built: 1976
Utilities & green energy
- Sewer: Municipal
- Water: Municipal
Community & HOA
Community
- Features: Park, Place of Worship, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping
Location
- Region: Cornwall
Financial & listing details
- Tax assessed value: C$461,600
- Annual tax amount: C$8,256
- Date on market: 7/2/2026
Don Poley,PEI - Sales
Don Poley,PEI - Sales
(902) 629-5294
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Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | C$920,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: C0A
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.



