Property Details
20-28 Miah Drive, Cornwall, Prince Edward Island, C0A1H3
$3,000,000 - For sale
High-Performing 12-Unit Investment Opportunity in Cornwall! Positioned in one of Cornwall?s fastest-growing rental markets, this 12-unit, two-building property offers a compelling opportunity for investors seeking stable cash flow and long-term income growth. The asset is comprised of ten 2-bedroom units and two 1-bedroom units, a highly desirable unit mix that consistently attracts quality tenants. With a proven track record of full occupancy and reliable income, this property delivers immediate returns with minimal operational lift. Each unit is fully equipped with modern, tenant-focused features, including in-suite laundry, heat pumps, and complete appliance packages (fridge, stove, microwave, dishwasher, washer, and dryer) supporting strong rental demand and tenant retention. Significant recent upgrades include the addition of solar panels, improving overall efficiency and contributing to reduced operating expenses and stronger net income performance. This is a turn-key, professionally maintained asset ideal for investors looking to scale their portfolio with a low-vacancy, income-generating property in a high-demand location. (id:2471)
Location DescriptionTrans Canada Highway #1 Cornwall, onto Mercedes Drive, onto Miah Drive.
- Property Address:20-28 Miah Drive, Cornwall, Prince Edward Island, C0A1H3
- Property Type:Multi-family
- Community Name:Cornwall
- Title:Freehold
- Lot Size:1.3700|1 - 3 acres
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Driveway:Parking Space(s)
- Structure Style:Apartment
- Heating Type:Electric, Solar, Wall Mounted Heat Pump, Radiant heat
- Flooring:Carpeted, Ceramic Tile, Laminate
- Basement Type:None
- Foundation Type:Concrete Slab
- Appliances Included:Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator, Intercom
- Rental Equipment:None
- Exterior Type:Vinyl
- Amenities Nearby:Park, Playground, Public Transit, Recreation, Shopping
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- Map 20-28 Miah Drive, Cornwall, Prince Edward Island, C0A1H3
- Neighbourhood Information
20-28 Miah Drive, Cornwall, Prince Edward Island, C0A1H3
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