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)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
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
Contact Agent Get in touch about 78 Main Street, Cornwall
Don Poley
ROYAL LEPAGE PRINCE EDWARD REALTY