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Multi-residential properties for sale in PEI

Invest in a duplex, triplex, apartment, or any other multi-unit property in PEI.

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For sale $1,600,000
16 Kindred Avenue, east royalty, Prince Edward Island

16 Kindred Avenue

East Royalty, Prince Edward Island

For sale $1,499,000
645,647,651,653 CROOKED CREEK Road, oyster bed bridge, Prince Edward Island

645,647,651,653 Crooked Creek Road

Oyster Bed Bridge, Prince Edward Island

For sale $544,900
4-6 High Street, charlottetown, Prince Edward Island

4-6 High Street

Charlottetown, Prince Edward Island

For sale $459,900
106 Edward Street, charlottetown, Prince Edward Island

106 Edward Street

Charlottetown, Prince Edward Island

For sale $325,000
539 Main Street, montague, Prince Edward Island

539 Main Street

Montague, Prince Edward Island

For sale $629,000
449-451 Queen Street, charlottetown, Prince Edward Island

449-451 Queen Street

Charlottetown, Prince Edward Island

For sale $815,000
44-46 Samantha Lane, cornwall, Prince Edward Island

44-46 Samantha Lane

Cornwall, Prince Edward Island

For sale $629,900
547 Main Street, montague, Prince Edward Island

547 Main Street

Montague, Prince Edward Island

For sale $3,150,000
514/516 Main Street, montague, Prince Edward Island

514/516 Main Street

Montague, Prince Edward Island

For sale $599,999
36 Gower Street, charlottetown, Prince Edward Island

36 Gower Street

Charlottetown, Prince Edward Island

For sale $348,000
590 Main Street, montague, Prince Edward Island

590 Main Street

Montague, Prince Edward Island

For sale $750,000
70 Spring & 247 Church Street|247 Church St., summerside, Prince Edward Island

70 Spring & 247 Church Street, 247 Church St.

Summerside, Prince Edward Island

Buying multi-residential properties in PEI

Multi-residential properties such as duplexes, triplexes, and apartments make great investments. 

If you’re interested in living in one unit while renting out a second to a tenant, then a duplex is ideal for you. The rent you change will help cover your mortgage, utilities and other expenses that come with running a household.

Smaller multi-unit properties of up to five units can be purchased and mortgaged under the same terms as single family units – but you’ll need a commercial mortgage over five units. 

In most cases, multi-residential homes are not eligible for mortgage insurance. You’ll need a 20% down payment. Some lenders can offer a 5% downpayment on duplexes.

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