Property Details
1 & 3 Fisher Lane, Tignish, Prince Edward Island, C0B2B0
$4,990,000 - For sale
An exceptional investment opportunity in western Prince Edward Island. Noah?s Place consists of two modern 12-unit apartment buildings located at 1 & 3 Fisher Lane in the community of Tignish. Together they sit on 1.12 of an acre and offer a total of twenty-four residential units across approximately 28,500 square feet of quality construction. Each building includes a well-balanced mix of one one-bedroom, nine two-bedroom, and two three-bedroom apartments, all featuring private outdoor balconies that add comfort and appeal for tenants. Built to high standards with ICF construction, steel roofing, energy-efficient all-electric heating ( convect air/ heat pumps), LED lighting, and an elevator in each building, this property delivers durability, efficiency, and low operating costs. The site provides 46 paved parking spaces, ensuring ample parking for tenants and visitors. Both buildings are fully leased with reliable, long-term tenants, providing consistent cash flow and a strong cap rate. Noah?s Place is a turn-key asset requiring minimal maintenance and management attention. This is the first apartment building in West Prince featuring the convenience of an elevator, Located in the heart of Tignish, a welcoming coastal community known for its strong local economy and close-knit character, this investment combines stability, performance, and long-term value. (id:2471)
Location DescriptionFrom Route Highway 2 heading into Tignish, property will be located on the left.
- Property Address:1 & 3 Fisher Lane, Tignish, Prince Edward Island, C0B2B0
- Property Type:Multi-family
- Community Name:Tignish
- Title:Freehold
- Lot Size:1 - 3 acres
- Acreage:1 - 3 acres
- Sewage Type:Municipal sewage system
- Water Type:Drilled Well
- Driveway:Parking Space(s), Parking Space(s)
- Structure Style:Apartment
- Building Age:2022
- Heating Type:Electric, Baseboard heaters, Wall Mounted Heat Pump
- Storeys:3
- Flooring:Tile, Vinyl
- Basement Type:None
- Foundation Type:Unknown
- Appliances Included:Stove, Dishwasher, Dryer, Washer, Microwave Range Hood Combo, Refrigerator
- Rental Equipment:None
- Exterior Type:Vinyl
- Amenities Nearby:Park, Recreation
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- Map 1 & 3 Fisher Lane, Tignish, Prince Edward Island, C0B2B0
- Neighbourhood Information
1 & 3 Fisher Lane, Tignish, Prince Edward Island, C0B2B0
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