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
- —
1 / 32Listing 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.
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.