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Renanza Realty
For sale

20-28 Miah Drive

Cornwall, Prince Edward Island

MLS® 202605340

$3,000,000

Status
Active
Property type
Multi-family
MLS® number
202605340
Bedrooms
Bathrooms
Year built

Listing description

High-Performing 12-Unit Investment Opportunity in Cornwall! Positioned in one of Cornwall? s fastest-growing rental markets, this 12-unit, two-building property offers a compelling opportunity for investors seeking stable cash flow and long-term income growth.

The asset is comprised of ten 2-bedroom units and two 1-bedroom units, a highly desirable unit mix that consistently attracts quality tenants. With a proven track record of full occupancy and reliable income, this property delivers immediate returns with minimal operational lift. Each unit is fully equipped with modern, tenant-focused features, including in-suite laundry, heat pumps, and complete appliance packages (fridge, stove, microwave, dishwasher, washer, and dryer) supporting strong rental demand and tenant retention.

Significant recent upgrades include the addition of solar panels, improving overall efficiency and contributing to reduced operating expenses and stronger net income performance. This is a turn-key, professionally maintained asset ideal for investors looking to scale their portfolio with a low-vacancy, income-generating property in a high-demand location.

Property summary

MLS® number
202605340
Property type
Multi-family
Building type
Apartment
Title
Freehold
Land size
1.37
Parking
Parking Space(s)
Days on market
155 days

Features & details

Heating
Radiant heat, Electric, Solar, Wall Mounted Heat Pump
Basement
None
Flooring
Laminate, Carpeted, Ceramic Tile
Appliances
Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Microwave
Exterior features
Vinyl
Lot features
Balcony
Community features
School Bus

What would this home cost you?

Based on the $3,000,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$13,959 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of ROYAL LEPAGE PRINCE EDWARD REALTY, Charlottetown..

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.