For Sale: 78 Main Street, Cornwall, PE - REW
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$920,000
0 bd • ba • sf • Multifamily
78 Main Street
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$920,000

78 Main StreetCornwall, PE, C0A 1H8

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: Don Poley, ROYAL LEPAGE PRINCE EDWARD REALTY

Home facts and features

Price details
List Price
$920,000
Gross Taxes for 2026
$8,256
Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Parking Space(s), Gravel
Property Type
Multifamily
Lot Size
30491 ft²
Depth
Year Built
Built in 1976 (50 yrs old)
Title
Freehold
Exterior Finish
Vinyl
Heating Type
Baseboard heaters, Oil
Appliances
Dryer, Refrigerator, Stove, Washer
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE PRINCE EDWARD REALTY
Listing details
Days on REW
20 Days
Property Views
47
MLS® Number
202616335
Source
Canadian Real Estate Association
Board
Prince Edward Island Real Estate Association
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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

East Wiltshire Intermediate School
  • n/a
  • 7 - 9
Grace Christian School
  • n/a
  • K - 12
West Royalty Elementary School
  • n/a
  • K - 6
Charlottetown Rural Senior High School
  • n/a
  • 10 - 12
Eliot River Elementary School
  • n/a
  • 4 - 6
Westwood Primary School
  • n/a
  • K - 3
Provincial Adolescent School
  • n/a
  • 7 - 12
Spring Park Elementary School
  • n/a
  • K - 6
Queen Charlotte Intermediate School
  • n/a
  • 7 - 9
West Kent Elementary School
  • n/a
  • K - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Don Poley
Phone:
(902) 629-5294
Office:
902-628-6500
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