78 Main Street Cornwall, Prince Edward Island C0A 1H8
$920,000
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:59559)
Property Details
| MLS® Number | 202616335 |
| Property Type | Multi-family |
| Community Name | Cornwall |
| Amenities Near By | Park, Playground, Public Transit, Recreation, Shopping |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | None |
| Constructed Date | 1976 |
| Exterior Finish | Vinyl |
| Flooring Type | Laminate, Vinyl |
| Foundation Type | Concrete Block, Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Recreation, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.7 |
| Size Total | 0.7 Ac|1/2 - 1 Acre |
| Size Total Text | 0.7 Ac|1/2 - 1 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29981116/78-main-street-cornwall-cornwall
(902) 629-5294
87 John Yeo Drive, Unit 1
Charlottetown., Prince Edward Island C1E 3J3
(902) 628-6500
royallepagepei.ca/
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July 02 2026 08:10:29
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty