$ 920,000

78 Main Street, Cornwall

Prime Multi-Family Investment: 78 Main Street, Cornwall, PEI. Unlock the Potential in a High-Growth Corridor This 8-unit apartment complex offers a rare blend of stable rental income and exceptional long-term development potential. Situated on a generous 0.69-acre lot, this property is perfectly positioned for an investor looking to capture value in one of Prince Edward Island's most sought-after communities. Investment Highlights: Stable Asset: An established 8-unit complex with a proven track record. Value-Add Opportunity: Several units have already been tastefully renovated, reducing immediate capital expenditure and offering competitive rental appeal. Significant Development Upside: The expansive 0.69-acre lot provides viable space to increase density and add further units, offering a clear path to growing your investment footprint. Unbeatable Accessibility: Ideally located with seamless access to the Cornwall Center and the Bypass Highway for regional travel, and just minutes away from downtown Charlottetown. This property serves as the perfect cornerstone for a growing portfolio. By combining the current cash flow of the existing units with the development potential of the land, 78 Main Street offers a dual-strategy investment: reliable returns and substantial future equity growth. (id:1945)
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Property details for 78 Main Street, Cornwall

Type
Multi-family
Lot Size
0.7
Basement
None
Parking
Parking Space(s), Gravel
Heating
Baseboard heaters, Oil
Exterior
Vinyl
Ownership
Freehold
Annual Taxes
$8,256 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 78 Main Street

Active Listings
22
Min Price
$179,000
Max Price
$7,600,000
Avg Price
$1,007,164
Days on Market
99
days
Sold Listings
10
Min Sold Price
$140,000
Max Sold Price
$859,900
Avg Sold Price
$559,070
Days until Sold
156
days

Neighbourhood Census Data

Cornwall, Prince Edward Island / Île-du-Prince-Édouard

Population
648
Median Age
35.4
Median Income
$39,040
Dwelling Value
$200,462

Housing Tenure

Owners 86%
Renters 14%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.8
Pop. Density: 243.5/km²
Avg Shelter Cost: $1,204/mo
Owners with Mortgage: 75.6%
Owners Spending 30%+: 9.8%
Tenants Spending 30%+: 0%
English only: 83.8%
English and French: 16.2%
Median Household Income: $87,936
Median Employment Income: $37,184

Price History

Listed
July 2, 2026
by ROYAL LEPAGE PRINCE EDWARD REALTY
Current Price
$920,000
Type
Multi-family
For Sale
78 Main Street

Contact Agent Get in touch about 78 Main Street, Cornwall

Don Poley
ROYAL LEPAGE PRINCE EDWARD REALTY

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