78 Main StreetCornwall, PE C0A 1H8
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. (id:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1976
- Lot size
- 0.70 acres
- Lot dimensions
- 0.7
- Ownership
- Freehold
- Zoning
- Multi-Family
- Listing #
- 202616335
Property Features
- Appliances
- Cooktop · Washer · Refrigerator · Dryer
- Heating
- Baseboard · Oil
- Flooring
- Laminate · Vinyl
- Basement
- None
- Parking
- Gravel
- Construction
- Vinyl Siding
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $8,256Tax year 2026
- Parcel number
- 463612
Listing Courtesy: ROYAL LEPAGE PRINCE EDWARD REALTY
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Cornwall Market Statistics
How this home compares to 89 active listings in Cornwall, PE
| Cornwall median | This listing | |
|---|---|---|
| Median listing price | $512,766 | $920,000 |
| Median days on market | 76 | — |
| Median Sq Ft | 1,898 | — |
| Median price / Sq Ft | $259 | — |
Market statistics compiled from active EXIT Realty® and MLS listings in Cornwall, PE.
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