1 & 3 Fisher Lane Tignish, Prince Edward Island C0B 2B0
$4,990,000
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. (id:11866)
Property Details
| MLS® Number | 202527991 |
| Property Type | Multi-family |
| Community Name | Tignish |
| Amenities Near By | Park, Recreation |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dishwasher, Dryer, Washer, Microwave Range Hood Combo, Refrigerator |
| Basement Type | None |
| Constructed Date | 2022 |
| Exterior Finish | Vinyl |
| Flooring Type | Tile, Vinyl |
| Foundation Type | Unknown |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Wall Mounted Heat Pump |
| Stories Total | 3 |
| Type | Apartment |
| Utility Water | Drilled Well |
Parking
| Parking Space(s) | |
| Parking Space(s) |
Land
| Acreage | Yes |
| Land Amenities | Park, Recreation |
| Sewer | Municipal Sewage System |
| Size Total Text | 1 - 3 Acres |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/29104712/1-3-fisher-lane-tignish-tignish
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629 Water Street East
Summerside, Prince Edward Island C1N 4H8
(902) 436-2265
www.century21pei.com/
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November 16 2025 09:09:15
Prince Edward Island Real Estate Association
Century 21 Northumberland Realty