23-25-27 Queen Elizabeth Drive Morell, Prince Edward Island C0A 1S0
$950,000
This prime investment opportunity features a well-maintained triplex combined with a tract of land, offering incredible visibility and accessibility right next to the highway. Perfect for savvy investors seeking a multifamily residential income property! Location Benefits: -Great Site Visibility: Situated in a bustling area, your property will attract tenants and ensure consistent rental demand. -Proximity to Highway: Quick access to major routes facilitates easy commutes for residents and enhances marketability. Property Features: -Triplex Setup: Three separate units, offering diverse living options for tenants and multiple revenue streams. -Land Potential: The additional land can be used for future expansion, additional units, or enhancing the current property?s appeal with amenities like parking or green spaces. Topography: The land's friendly topography lends itself well to potential developments, making it easy and cost-effective to build or enhance as desired. Investors' Dream: This is a wonderful opportunity for investors eager to tap into the thriving rental market. With the combination of the triplex's rental income potential and the land's value-add opportunities, this is a chance to maximize returns in a growing area. Get in on this incredible investment now and secure your future with this versatile property in Morell. (id:56351)
Property Details
| MLS® Number | 202522304 |
| Property Type | Multi-family |
| Community Name | Morell |
| Amenities Near By | Park, Playground, Public Transit, Shopping, Marina |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | None |
| Constructed Date | 2006 |
| Exterior Finish | Vinyl |
| Flooring Type | Ceramic Tile, Laminate |
| Foundation Type | Poured Concrete, Concrete Slab |
| Heating Fuel | Electric |
| Heating Type | Not Known |
| Type | Triplex |
| Utility Water | Ground-level Well |
Parking
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Public Transit, Shopping, Marina |
| Sewer | Septic System |
| Size Irregular | 2 |
| Size Total | 2.0000|1 - 3 Acres |
| Size Total Text | 2.0000|1 - 3 Acres |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/28809947/23-25-27-queen-elizabeth-drive-morell-morell
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September 04 2025 12:39:15
Prince Edward Island Real Estate Association
RE/MAX Charlottetown Realty