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.
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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, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Place of Worship