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Investment signal

$4,990,000

1 & 3 Fisher Lane

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Beds

—

Baths

—

Sqft

—

Year

2022

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Tignish. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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:65958)

Subtype: Multi-family
Structure: Apartment
Community: Tignish
Common interest: Freehold
Stories: 3
On market: Nov 14, 2025
Status changed: Apr 20, 2026
Annual tax: $30,745 (2025)
Zoning: Multi-Family
Photos: 41
MLS#: 202527991
Area: TIGNISH

Features and systems

Parking

Parking Space(s)Parking Space(s)

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave Range Hood Combo

Heating

Baseboard heatersElectricWall Mounted Heat Pump

Exterior

Vinyl

Flooring

TileVinyl

Foundation

Unknown

Community

School Bus

Negative cash flow ~$5,129/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.17%

Cap rate

3.63%

GRM

16.7

Break-even rent

$30,349

Financing

Down payment$998,000

Loan amount$3,992,000

Mortgage$20,227/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$2,287

Insurance$80

Maintenance$4,158

CapEx reserve$2,079

Vacancy loss$1,248

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $20,227/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.