514/516 Main Street Montague, Prince Edward Island C0A 1A0
$3,150,000
Discover an exceptional investment opportunity package offering two prime Apartment buildings containing 23 units and 3,500 square feet of open commercial space, on 1.5 contiguous acres, in the heart of Montague. 514 Main Street and 516 Main Street combine to create an incredible investment opportunity. Envision the present cash flow (8.58% annual against purchase price) from fully-occupied units with outstanding expansion possibilities on this large, under-utilized central mixed-use site. Two separate street accesses and full municipal services are in place. Best Montague proximity to grocery stores, pharmacies, fast food, schools and waterfront. This combination of 516 Main Street and 514 Main Street presents a stellar double-access corner property prospect for investors, developers, or entrepreneurs looking to tap into the thriving, and growing, Montague real estate market. (id:53658)
Property Details
| MLS® Number | 202320635 |
| Property Type | Multi-family |
| Neigbourhood | Montague |
| Community Name | Montague |
| Amenities Near By | Park, Playground, Marina |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | Full |
| Constructed Date | 1942 |
| Exterior Finish | Wood Shingles, Vinyl |
| Flooring Type | Carpeted, Tile, Vinyl, Other |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Radiator |
| Type | Apartment |
| Utility Water | Community Water System |
Parking
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Marina |
| Sewer | Unknown |
| Size Total Text | 1 - 3 Acres |
| Zoning Type | Multi-family |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 26 2024 05:11:59
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty, Exit Realty Pei
