Primary photo of 1 & 3 Fisher Lane, Tignish
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Apartment For Sale

$4,990,000

MLS® Number: 202527991

Year Built

2022

1 & 3 Fisher Lane, Tignish, Prince Edward Island

About This Property

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 46 paved parking spaces, 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.

Property Details

Interior Details

Appliances

Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Range Hood Combo

Basement

None

Flooring

Tile, Vinyl

Heating

Baseboard heaters, Electric, Wall Mounted Heat Pump

Building & Exterior

Exterior Features

Vinyl

Foundation Details

Unknown

Parking Features

Parking Space(s), Parking Space(s)

Stories

3.0

Year Built

2022

Land & Location

City Region

Tignish

Community Features

School Bus

Parcel Number

535138

Postal Code

C0B2B0

Listing & Financials

Listing Office

CENTURY 21 NORTHUMBERLAND REALTY

Originating System Name

Prince Edward Island Real Estate Association

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($998,000)
5.5%
25 Years

Estimated Monthly Payment

$24,514

Principal and interest only. Actual rates may vary.

Location & Map

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