$3,000,000
FOR SALE

Multiplex

20-28 Miah Drive
Cornwall, PE C0A 1H3

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:47421)
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Listed By ROYAL LEPAGE PRINCE EDWARD REALTY
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202605340
Last Updated Mar 24, 2026
Property Summary
Property Type Multiplex

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Community Cornwall
Price History

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Detailed Information
Amenities Nearby Park, Playground, Public Transit, Recreation, Shopping
Community Features School Bus
Equipment None
Features Balcony
Listing Contract Date 2026-03-23
Location Description Trans Canada Highway #1 Cornwall, onto Mercedes Drive, onto Miah Drive.
Municipal ID 1082668
Ownership Type Freehold
Property Type Multi-family
Rental Equipment None
Transaction Type For sale
Zoning Multi-Family
Building
Amenities Cable TV
Appliances Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator, Intercom
Basement Type None
Exterior Finish Vinyl
Flooring Type Carpeted, Ceramic Tile, Laminate
Foundation Type Concrete Slab
Heating Fuel Electric, Solar
Heating Type Wall Mounted Heat Pump, Radiant heat
Type Apartment
Utility Water Municipal water
Parking Spaces
Name Spaces
Parking Space(s)
Land
Total Size 1.37
Acreage Yes
Amenities Park, Playground, Public Transit, Recreation, Shopping
Sewer Municipal sewage system
Size of Irregular Land 1.37

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