20-28 Miah Drive, Cornwall
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:1945)
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Property details for 20-28 Miah Drive, Cornwall
- Type
- Multi-family
- Lot Size
- 1.37
- Basement
- None
- Parking
- Parking Space(s)
- Heating
- Radiant heat, Electric, Solar, Wall Mounted Heat Pump
- Exterior
- Vinyl
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 20-28 Miah Drive
Active Listings
79
Min Price
$99,000
Max Price
$7,600,000
Avg Price
$444,913
Days on Market
73
days
Sold Listings
16
Min Sold Price
$99,000
Max Sold Price
$1,960,000
Avg Sold Price
$641,950
Days until Sold
155
days
Neighbourhood Census Data
Cornwall, Prince Edward Island / Île-du-Prince-Édouard
Population
850
Median Age
37.8
Median Income
$42,624
Dwelling Value
$225,201
Housing Tenure
Owners 72%
Renters 30%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 161.8/km²
Avg Shelter Cost: $1,283/mo
Owners with Mortgage: 69.8%
Owners Spending 30%+: 18.6%
Tenants Spending 30%+: 33.3%
English only: 81.2%
English and French: 18.2%
Neither: 0.6%
Median Household Income: $84,736
Median Employment Income: $38,144
Price History
Listed
March 24, 2026
by ROYAL LEPAGE PRINCE EDWARD REALTY
Current Price
$3,000,000
Type
Multi-family
For Sale
