Multi-Generational Living and the Move to Suburban Areas
Cheryl Burns
Charlottetown REALTOR | Waterfront & Luxury Property Specialist | 25+ Years of Expertise | Serving PEI | Transforming Real Estate Dreams into Reality
Real estate is evolving. The way people live, invest, and build their futures is shifting in ways that are impossible to ignore. Two of the hottest trends right now? Multi-generational living and the move to suburban areas.
The Rise of Multi-Generational Homes
Families are coming together like never before. Rising housing costs, financial planning, and the need for built-in support systems are pushing more people toward multi-generational living. And what’s driving this movement? Flexibility. Homes with separate entrances, dual kitchens, and adaptable layouts are in high demand.
Think about it: parents moving in with their kids, grown children returning home to save for their first property, or extended families pooling resources for long-term wealth. This trend isn’t slowing down, it’s accelerating. And smart investors? They’re locking in properties that offer space, privacy, and long-term value.
Why Suburban Living is Booming
Here’s the deal, people are moving out of dense urban areas and opting for more space, more nature, and a better quality of life. With remote work eliminating the need for daily commutes, buyers are prioritizing larger properties, green spaces, and room to grow. Suburban areas like Murray River, PEI, are thriving because they offer everything today’s buyers want: peace, privacy, and room to breathe.
If you’re an investor, this is the golden opportunity. More people relocating to suburban areas means an increased demand for well-located, high-yield rental properties. And when you find a move-in ready duplex with a price improvement and a 9% cap rate—that’s when you act.
Incredible Investment Opportunity in Murray River, PEI
Let’s talk about this absolute steal of an investment property. You’ve got two fully separate homes under one roof—each with 3 bedrooms and 1 bath. That’s six bedrooms total in a prime location.
Here’s what makes this an unmatched opportunity:
- Two Separate Units – Ideal for multi-generational living or maximizing rental income
- Previous Rent – $1,812.34 (2nd floor) | $2,000 (main floor) – Tenants paid their own utilities!
- Fully Vacant – You set your own rents and select tenants that fit your investment strategy
- Extensive Upgrades – New metal roof (Dec 2024), heat pumps, updated electrical, and more!
- Massive Lot with Circular Driveway – A premium feature that adds value and convenience
This isn’t just another rental—it’s a turnkey investment with immediate income potential. The price has been adjusted to maximize your ROI, making this the perfect time to buy.
Why You Need to Move Fast
The best investments go quickly. If you’re looking to build wealth, create long-term security, and capitalize on the biggest trends in real estate, this is the property to make it happen.
Whether you’re a seasoned investor or just getting started, this duplex in Murray River is a power move. It checks all the boxes: strong rental demand, incredible location, and a high cap rate. Opportunities like this don’t wait.
Want to learn more or schedule a showing? Don’t hesitate—reach out today before someone else claims this incredible deal!
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About Cheryl Burns
With over 25 years of experience in the real estate industry spanning across the United States, United Kingdom and Toronto, Cheryl’s expertise has a global reach.
Since returning home to PEI, Cheryl remains passionate about real estate and offering her knowledge to Islanders. She specializes in waterfront properties, estate homes, condos and investment properties in the Greater Charlottetown and surrounding areas.
Cheryl’s excellent track record speaks volume about her excellence in Real Estate and her community. Always happy to talk about real estate. 902-314-4064