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514/516 Main Street Montague, Prince Edward Island C0A 1A0

Radiator Acreage

$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:40976)

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

https://www.realtor.ca/real-estate/26114410/514516-main-street-montague-montague

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