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514-516 Main Street Montague, Prince Edward Island C0A 1R0

Furnace, Radiator Acreage

$2,779,900

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:40976)

Property Details

MLS® Number 202416666
Property Type Multi-family
Community Name Montague
AmenitiesNearBy Park, Playground, Shopping, Marina
EquipmentType None
RentalEquipmentType None

Building

Appliances Stove, Dishwasher, Dryer, Washer, Refrigerator
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1942
ExteriorFinish Wood Shingles, Vinyl
FlooringType Carpeted, Tile, Vinyl, Other
FoundationType Poured Concrete
HeatingFuel Oil
HeatingType Furnace, Radiator
Type Apartment
UtilityWater Municipal Water

Land

Acreage Yes
LandAmenities Park, Playground, Shopping, Marina
Sewer Municipal Sewage System
SizeIrregular 1.58
SizeTotal 1.58 Ac|1 - 3 Acres
SizeTotalText 1.58 Ac|1 - 3 Acres
ZoningType Multi-family

https://www.realtor.ca/real-estate/27165300/514-516-main-street-montague-montague

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