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514-516 Main Street
Montague Prince Edward Island C0A1R0 Canada

$2,848,000

Active Listing ID 202427855
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Multi-family

$2,848,000

Active Listing ID 202427855
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514-516 Main Street 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Wood shingles, Vinyl
  • Floor Covering: Tile, Carpeted, Other, Vinyl
  • Heating Systems: Oil, Radiator, Furnace
Listing Changed: 12/5/2024 4:40:27 PM GMT
Source Updated Date: 3/11/2025 2:53:26 AM GMT

Courtesy of: Anthony Delodder, , ROYAL LEPAGE PRINCE EDWARD REALTY