78 Main Street
Cornwall, Prince Edward Island
MLS® 202616335
$920,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202616335
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1976
1 / 31Listing description
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.
Property summary
- MLS® number
- 202616335
- Property type
- Multi-family
- Building type
- Apartment
- Title
- Freehold
- Land size
- 0.7 acres
- Built in
- 1976
- Annual property taxes
- $8,256.00
- Parking
- Parking Space(s), Gravel
- Days on market
- 59 days
Features & details
- Heating
- Baseboard heaters, Oil
- Basement
- None
- Flooring
- Laminate, Vinyl
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Vinyl
- Community features
- School Bus
What would this home cost you?
Based on the $920,000 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.