514-516 MAIN Street

Multi-family For Sale in Montague, Prince Edward Island

$2,779,900
This property offers not one, but two commercial buildings with a total of 23 units! Featuring 18 one-bedroom units and 5 two-bedroom units, this centrally located property in Montague is poised to be a lucrative investment. Located at 514 Main Street, this property has a walking score of 70 with most errands being very walkable. The lower level boasts approximately 4,256 square feet of unfinished space, presenting ample potential for further development and increased cash flow. Each building occupies approximately 9.4% of the parcel, suggesting additional room for expansion. The property benefits from convenient access and exit points on both Main Street and Queens Road. With numerous grants available for multi-unit buildings, this investment offers existing cash flow and the potential for additional units, making it an exceptional opportunity. (id:4069)
Address 514-516 MAIN Street
List Price $2,779,900
Property Type Multi-family
Type of Dwelling Apartment
Area Prince Edward Island
Sub-Area Montague
Lot Size 1.58 Sq. Ft.
Year Built 1942
MLS® Number 202416666
Listing Brokerage EAST COAST REALTY
Basement Area Full (Unfinished)
Postal Code C0A1R0
Site Influences Park, Playground, Shopping, Marina

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60 St.Peters Road Charlottetown Prince Edward Island C1A 5N5

Office: 19022181701

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