See all 41 photos
41 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$4,990,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Subdivision Tignish
MLS® Listing ID 202527991
Year Built 2022
Property Sub-Type Condo
Source Prince Edward Island Real Estate Association
Property Description
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 72 paved parking spaces, 36 per building, 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:24570)
Location
Zoning Multi-Family
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Wall Mounted Heat Pump,
Flooring Tile, Vinyl
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Read Less Info
Listed by CENTURY 21 NORTHUMBERLAND REALTY
GET MORE INFORMATION