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Home PE Greater Summerside Summerside
227-239 Water Street
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227-239 Water Street $2,160,000
$2,160,000
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227-239 Water Street
Summerside, Prince Edward Island C1N1G2

MLS® Number: 202512411

Listing Description

Prime Mixed-Use Investment Opportunity in Downtown Summerside! This incredibly rare offering presents a meticulously maintained building with 16 residential units and 8 diverse commercial spaces (retail and restaurant) right in the heart of the city. Boasting 100% occupancy with exceptional tenants and a high capitalization rate, . Enjoy a highly visible location on a busy street with abundant foot traffic, complemented by ample public parking at the rear on 1st Street. A solid foundation ensures lasting value in this high-demand asset. This property is a smart and secure investment, priced to sell quickly! (230883711)

Property Summary

Property Type
Other
Community Name
Summerside
Title
Freehold
Land Size
0.4300|under 1/2 acre
Built in
1968
Parking Type
Parking Space(s)
Time on REALTOR.ca
33 days

Price and Sale History

Date Status Price
Aug 15, 2018 Sale Closed $1,100,000

Building

Interior Features
Flooring
Other
Building Features
Features
Paved driveway
Construction Material
Steel frame, Wood frame
Fire Protection
Security system, Monitored Alarm, Smoke Detectors, Sprinkler System-Fire
Building Amenities
Air Conditioning, Laundry Facility
Heating & Cooling
Cooling
Ventilation system
Utilities
Water
Municipal water
Business
Business Type
Retail and Wholesale (Shopping center), Residential (Residential)
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit, Shopping
Parking
Parking Type
Parking Space(s)

Measurements

Square Footage
26532 sqft
Total Finished Area
26532 sqft

Land

Lot Features
Land Disposition
Cleared
Other Property Information
Zoning Description
D1
Data provided by: Prince Edward Island Real Estate Association Unit L100 - 3 Lower Malpeque Road, Charlottetown, Prince Edward Island C1E 1R4
Eva Clow