36
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$2,848,000
Est. payment /mo
1.58 Acres Lot
Active
514-516 Main Street Montague, C0A1R0
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Montague
MLS® Listing ID 202427855
Originating Board Prince Edward Island Real Estate Association
Lot Size 1.580 Acres
Acres 68824.8
Property Description
514 and 516 Main Street, Montague, represent a premier income-generating and development opportunity at the busiest intersection in King?s County. Set on 1.58 acres with dual access points from Main Street and Queens Road Extension, the property is uniquely positioned for visibility, accessibility, and future growth. The site includes two well-maintained residential buildings offering 23 fully rented units: 18 one-bedroom apartments and 5 two-bedroom apartments. 514 Main Street is a three-level structure with 16 residential units on the upper floors and a vacant ground floor, primed for conversion into commercial or office space to unlock additional income potential. 516 Main Street, also three levels, comprises 7 residential units and generates consistent rental income. Strategically positioned toward the rear of the property, the buildings allow for significant development on the remaining land. With zoning flexibility and unmatched visibility, this site offers vast potential for additional residential, commercial, or mixed-use projects, meeting the demands of Montague?s expanding market. 514 and 516 Main Street offer an established revenue stream with extraordinary upside for forward-thinking investors or developers seeking to make a substantial impact in a rapidly growing region. (id:24570)
Location
Zoning Multi-Family
Interior
Heating Furnace, Radiator,
Flooring Carpeted, Tile, Vinyl, Other
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
Listed by ROYAL LEPAGE PRINCE EDWARD REALTY
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