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:47421)
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Detailed Information
Amenities Nearby
Park, Recreation
Community Features
School Bus
Equipment
None
Listing Contract Date
2025-11-14
Location Description
From Route Highway 2 heading into Tignish, property will be located on the left.
Municipal ID
535138
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
None
Transaction Type
For sale
Zoning
Multi-Family
Building
Appliances
Stove, Dishwasher, Dryer, Washer, Microwave Range Hood Combo, Refrigerator
Basement Type
None
Constructed Date
2022
Exterior Finish
Vinyl
Flooring Type
Tile, Vinyl
Foundation Type
Unknown
Heating Fuel
Electric
Heating Type
Baseboard heaters, Wall Mounted Heat Pump
Stories Total
3
Type
Apartment
Utility Water
Drilled Well
Parking Spaces
Name
Spaces
Parking Space(s)
Parking Space(s)
Land
Total Size
1 - 3 acres
Acreage
Yes
Amenities
Park, Recreation
Sewer
Municipal sewage system
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