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 72 paved parking spaces, 36 per building, 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:4069)
Address
1 & 3 Fisher Lane
List Price
$4,990,000
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Tignish
Year Built
2022
MLS® Number
202527991
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Basement Area
None
Postal Code
C0B2B0
Site Influences
Park, Recreation
