property search Details

Property Type: Building
Zoning Type: Commercial
221-223 Water Street, Summerside, PE, C1N 1B4

Excellent investment opportunity available in Summerside's downtown! This property is a complete package with office space, 20 furnished apartments and short-term suites, plus retail space currently leased to a popular Summerside Restaurant called Open Eats. This unique, hip, urban, bold property is in the middle of all the action, ensuring traffic to anyone who occupies this space. There is parking for 12-14 vehicles at rear with an opportunity to purchase additional land for parking at rear of property. It is also wheelchair accessible. No PCDS. Property being sold 'as is, where is'. This solid steel structure has been completely renovated in 2004 with additional improvements, such as heat pump/air conditioning, electrical and plumbing [2013], sprinkler system [2013], and roof [2004]. There are 7 king suites, 6 queen suites, 5 bachelor suites, 2 wheelchair-accessible units, 520 sq ft of office space, and 1696 sq ft for retail.

Price: $1,850,000
Patty Campbell
Company: Exit Realty
Tel: 902-432-0582

Property details

Current/Previous Use: Apartments, office space, short-term suites, restaurant
MLS: 201729617
Multi-tenant building: Yes
Building Age: 37 years
Heating/Cooling: Heat pump, air conditioning
Lot Size: 0.42 acres
Total sq/ft.: 12,195
Parking: 12-14 parking stalls in rear, street parking
Property ID: 309922
Sprinklered: Yes
Security: Yes
Networked: Yes
Restrooms: Yes
Available sq/ft: 12,195


Sale Price: $1,850,000


Power on Site: Yes
Telecom on Site: Yes

additional information

                    Construction material: Steel frame
Flooring type: Concrete

Nearby businesses include: Celtic Mist, Spotlight Theatre, 902 Vapes, Island Memory Gifts, RBC.  The Boardwalk, Confederation Trail, and Holland College are all within walking distance.