20-28 Miah Drive Cornwall, Prince Edward Island C0A 1H3
$3,000,000
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:56815)
Property Details
| MLS® Number | 202605340 |
| Property Type | Multi-family |
| Community Name | Cornwall |
| Amenities Near By | Park, Playground, Public Transit, Recreation, Shopping |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Balcony |
| Rental Equipment Type | None |
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
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Playground, Public Transit, Recreation, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 1.37 |
| Size Total | 1.3700|1 - 3 Acres |
| Size Total Text | 1.3700|1 - 3 Acres |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29509890/20-28-miah-drive-cornwall-cornwall
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March 24 2026 07:10:14
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty