227-239 Water Street, Summerside
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! Recent roof maintenance includes partial repairs and updated shingle replacement. (id:1945)
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Property details for 227-239 Water Street, Summerside
- Type
- Commercial
- Living Area
- 26,532 square feet
- Lot Size
- 0.43
- Parking
- Parking Space(s)
- Cooling
- Ventilation system
- Ownership
- Freehold
- Annual Taxes
- $27,187 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 227-239 Water Street
Active Listings
118
Min Price
$29,500
Max Price
$4,299,900
Avg Price
$424,331
Days on Market
118
days
Sold Listings
32
Min Sold Price
$18,500
Max Sold Price
$2,000,000
Avg Sold Price
$528,177
Days until Sold
96
days
Price History
Listed
August 31, 2026
by ROYAL LEPAGE PRINCE EDWARD REALTY
Current Price
$1,699,000
-10.5% from last change
Type
Commercial
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $1,699,000 | $200,000 (-10.5%) |
| Sep 8, 2026 | $1,899,000 | $100,999 (-5%) |
| May 1, 2026 | $1,999,999 | Listed |
