16-20 School Street Montague, Prince Edward Island C0A 1R0
$889,000
Welcome investors, to the Tudor Hall, one of the iconic century buildings in Montague, PEI. Featuring 8-1 Bedrooms and 2-2 Bedrooms, the Tudor Hall is a 10-Unit residential apartment building located beside Montague Intermediate School and minutes of walking to post office, banks, supermarkets, restaurants and amenities. With many stable and long term tenants, the property provide the buyer with positive cash flow since day one. With a 9.9% gross return and over 7% ROI if managed by the buyer, the Tudor hall has yet more to offer. Buyer has the option to expend and convert the vacant lobby space, the vacant theater, and the unfinished basement into useful and cash flowing units on top of what is already cash flowing. New coin-operated washer and oil boiler in 2025. Building is to be sold as is and one of the listing agents is the owner. Measurements are approximate and is to be verified by the buyer. (id:11866)
Property Details
| MLS® Number | 202521561 |
| Property Type | Multi-family |
| Community Name | Montague |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Wood Shingles |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Concrete Block, Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Hot Water, Radiator |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) | |
| Parking Space(s) |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.24 |
| Size Total | 0.2400|under 1/2 Acre |
| Size Total Text | 0.2400|under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/28774250/16-20-school-street-montague-montague
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Suite 01 - 87 John Yeo Drive.
Charlottetown., Prince Edward Island C1E 3J3
(902) 628-6500
royallepagepei.ca/
Suite 01 - 87 John Yeo Drive.
Charlottetown., Prince Edward Island C1E 3J3
(902) 628-6500
royallepagepei.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 25 2025 08:40:13
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty