514-516 Main Street Montague, PE C0A 1R0
Listing Courtesy of: PRINCE EDWARD ISLAND / Royal Lepage Prince Edward Realty

  514-516 Main Street Montague, PE C0A 1R0

Contingent (15 Days)
$2,848,000

Description

514 and 516 Main Street, Montague, represent a premier income-generating and development opportunity at the busiest intersection in Kings County. Set on 1.58 acres with dual access points from Main Street and Queens Road Extension, the property is uniquely positioned for visibility, accessibility, and future growth. The site includes two well-maintained residential buildings offering 23 fully rented units: 18 one-bedroom apartments and 5 two-bedroom apartments. 514 Main Street is a three-level structure with 16 residential units on the upper floors and a vacant ground floor, primed for conversion into commercial or office space to unlock additional income potential. 516 Main Street, also three levels, comprises 7 residential units and generates consistent rental income. Strategically positioned toward the rear of the property, the buildings allow for significant development on the remaining land. With zoning flexibility and unmatched visibility, this site offers vast potential for additional residential, commercial, or mixed-use projects, meeting the demands of Montagues expanding market. 514 and 516 Main Street offer an established revenue stream with extraordinary upside for forward-thinking investors or developers seeking to make a substantial impact in a rapidly growing region.

MLS®:
202427855
Taxes
$15,465(2024)
Lot Size
1.58 acres
Type
Multifamily

Listed By

Anthony Delodder, Royal Lepage Prince Edward Realty
Source
PRINCE EDWARD ISLAND
Last checked Apr 30 2025 at 9:52 AM EDT
Bathroom Details
Property Features
  • Foundation: Concrete
  • Foundation: Other
Heating and Cooling
  • Furnace
  • Radiator
Basement Information
  • Other
  • Walkout
Flooring
  • Carpet
  • Tile
  • Vinyl
  • Other
Exterior Features
  • Wood Shingles
  • Vinyl
  • Roof: Asphalt Shingle
  • Roof: Other
Utility Information
  • Sewer: Municipal
  • Fuel: Oil
School Information
  • Elementary School: Montague Consolidated School
  • Middle School: Montagueintermediate School
  • High School: Montague Regional High School
Parking
  • Gravel
  • Multiple Driveways
  • Parking Spaces(s)
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Disclaimer: Copyright 2025 Prince Edward Island Real Estate Association. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/30/25 02:52