$ 2,779,900
514-516 MAIN Street Montague, C0A1R0
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$ 2,779,900
Est. payment | /mo
1.58 Acres Lot
$ 2,779,900
Est. payment | /mo
1.58 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Montague
MLS® Listing ID 202416666
Originating Board Prince Edward Island Real Estate Association
Year Built 1942
Lot Size 1.580 Acres
Acres 68824.8
Property Description
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:24570)
Location
Zoning Multi-Family
Interior
Heating Furnace, Radiator,
Flooring Carpeted, Tile, Vinyl, Other
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EAST COAST REALTY
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