271 Water Street, Summerside
This property is located in the very heart of Water Street, the most dynamic and promising commercial corridor in Summerside. Its value lies not only in its unique location but also in the significant ongoing developments nearby. Just steps away, 281 Water Street is being transformed into a premium residential complex with 48 units, which will bring a steady flow of residents and customers to the area. As a result, 271 Water Street offers exceptional commercial potential, whether for retail, dining, or office space. Notably, the property is home to Yumi Sushi and Rudy's Chicken, two of Prince Edward Island's (PEI) most famous restaurant chains. This not only brings tremendous convenience to the daily lives of residents in Summerside and surrounding areas, but also drives strong, consistent foot traffic to the property. Your business will be supported by immediate access to both these existing and newly emerging resources and clientele. In addition, the former Scotiabank building across the street is undergoing renovations, signaling a broader revitalization of Water Street. Altogether, this represents a rare opportunity for a high-value, forward-looking investment. (id:1945)
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Property details for 271 Water Street, Summerside
- Type
- Commercial
- Living Area
- 8,670 square feet
- Lot Size
- 0.2
- Stories
- 2
- Parking
- Parking Space(s)
- Ownership
- Freehold
- Annual Taxes
- $10,895 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 271 Water Street
Active Listings
114
Min Price
$29,500
Max Price
$4,299,900
Avg Price
$463,322
Days on Market
112
days
Sold Listings
35
Min Sold Price
$72,000
Max Sold Price
$1,339,000
Avg Sold Price
$350,070
Days until Sold
120
days
Price History
Listed
October 1, 2026
by ROYAL LEPAGE PRINCE EDWARD REALTY
Current Price
$1,598,000
-13.6% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,598,000 | $252,000 (-13.6%) |
| Oct 1, 2026 | $1,850,000 | Listed |