514-516 Main Street Montague, Prince Edward Island C0A 1R0
$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:56351)
Property Details
| MLS® Number | 202416666 |
| Property Type | Multi-family |
| Community Name | Montague |
| AmenitiesNearBy | Park, Playground, Shopping, Marina |
| EquipmentType | None |
| RentalEquipmentType | None |
Building
| Appliances | Stove, Dishwasher, Dryer, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructedDate | 1942 |
| ExteriorFinish | Wood Shingles, Vinyl |
| FlooringType | Carpeted, Tile, Vinyl, Other |
| FoundationType | Poured Concrete |
| HeatingFuel | Oil |
| HeatingType | Furnace, Radiator |
| Type | Apartment |
| UtilityWater | Municipal Water |
Land
| Acreage | Yes |
| LandAmenities | Park, Playground, Shopping, Marina |
| Sewer | Municipal Sewage System |
| SizeIrregular | 1.58 |
| SizeTotal | 1.58 Ac|1 - 3 Acres |
| SizeTotalText | 1.58 Ac|1 - 3 Acres |
| ZoningType | Multi-family |
https://www.realtor.ca/real-estate/27165300/514-516-main-street-montague-montague
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October 10 2024 11:39:46
Prince Edward Island Real Estate Association
Exp Realty Of Canada Inc., East Coast Realty