
Apartment For Sale
$4,990,000
MLS® Number: 202527991
Year Built
2022
Apartment For Sale
$4,990,000
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
Listed By
CENTURY 21 NORTHUMBERLAND REALTY
Mortgage Calculator
Estimated Monthly Payment
$24,514
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$24,514
Principal and interest only. Actual rates may vary.