Exceptional investment opportunity in the heart of Tignish! Welcome to Noahs Place ? two beautifully designed 12-unit apartment buildings located at 10 and 12 Phillip Street. Each building offers 14,256 sq. ft. of high quality construction and features a smart unit mix: one 1 bedroom, nine 2 bedrooms, and two 3 bedroom units. Every apartment comes with its own private balcony, offering residents comfortable outdoor space and adding to the propertys appeal. These modern buildings are fully leased with long term tenants, delivering consistent positive cash flow and low vacancy risk. Built to the highest standards, Noahs Place showcases ICF construction, steel roofs, LED lighting, all-electric heating, and an elevator in each building. Designed for maximum energy efficiency, accessibility, and security, this property is truly turn key. The site features 72 paved parking spaces (36 per building), providing ample convenience for tenants and guests. Named in honour of a local fishermans son, Noahs Place captures the spirit of Tignish while delivering the style and modern living tenants seek today. Tignish is a vibrant and growing community on PEIs western shore, known for its rich fishing heritage, strong local economy, and expanding infrastructure. Demand for quality rental housing remains strong, making this an outstanding opportunity to invest in a stable, income-generating asset in a high potential area. Dont miss your chance to own a signature property in one of PEIs most charming and authentic communities! (id:4069)
Address
1 & 3 Fishers Lane
List Price
$5,999,000
Property Type
Multi-family
Type of Dwelling
Apartment
Area
Prince Edward Island
Sub-Area
Tignish
Lot Size
1.12 Sq. Ft.
MLS® Number
202507221
Listing Brokerage
PEIAGENTS REALTY INC.
Basement Area
None
Postal Code
C0B2B0
