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New buildInvestment signal

$815,000

20-22 Samantha Lane

Save this home

Beds

Baths

Sqft

Year

2025

Type

Multi-family

Suite

Investment signal

Location nearby

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

About this home

Welcome to 20?22 Samantha Lane, a brand new duplex located in the highly desirable Scottsview Meadows subdivision in Cornwall, Prince Edward Island. Built by reputable local builders known for their quality craftsmanship, this property has been thoughtfully designed for modern living and everyday comfort. Each unit offers a bright, open-concept layout with a vaulted ceiling in the main living area, creating a spacious and airy feel. The kitchen flows seamlessly into the inviting living room, highlighted by a beautiful built-in electric fireplace with shiplap surround - ideal for both relaxing and entertaining. Designed on one convenient level, each unit features 3 bedrooms and 2 bathrooms, making this an excellent option for investors, multi-generational living, or owner-occupiers looking to offset their mortgage. Convenient in-bathroom laundry adds to the functional and efficient design of each unit. Situated on a fully serviced lot with municipal water and sewer, this duplex is located in a growing, family-friendly neighbourhood just minutes from schools, parks, shopping, and a short drive to Charlottetown. With strong rental potential and protective covenants in place to maintain a high standard of development, this property offers both immediate value and long-term investment appeal. Taxes and assessments to be determined. Measurements are approximate and should be verified by buyers if deemed necessary. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Cornwall
Common interest
Freehold
Lot size
0.28 acres
Lot dimensions
0.28
Stories
1
On market
Dec 16, 2025
Status changed
Apr 28, 2026
Zoning
Multi-Family
Photos
21
MLS#
202529502
Area
CORNWALL

Features and systems

Parking

Parking Space(s)

Basement

None

Appliances

WasherRefrigeratorDishwasherRangeDryerMicrowave Range Hood Combo

Heating

Radiant heatElectricWall Mounted Heat Pump

Cooling

Air exchanger

Exterior

Vinyl

Flooring

Vinyl

Foundation

Concrete SlabUnknown

Community

School Bus
Negative cash flow ~$905/mo at these assumptions

Cash on cash

-6.66%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,027

Financing

Down payment$163,000
Loan amount$652,000
Mortgage$3,304/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$374
Insurance$80
Maintenance$679
CapEx reserve$340
Vacancy loss$204

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.

Location nearby

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

Mortgage estimate

Estimated $3,304/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 28, 2026.

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