123 Water Street, Summerside
Prime Commercial Opportunity in the Heart of Summerside Bring your business vision to life at 123 Water Street, a versatile commercial property in the vibrant heart of downtown Summerside. Positioned in one of the city's most desirable commercial districts, this location offers outstanding visibility, abundant parking, and is just steps from the beautiful Summerside Waterfront Boardwalk, shops, restaurants, and other key amenities. As Summerside continues to grow, this is an exceptional opportunity to invest in a thriving community with strong residential and commercial momentum. Offering over 2,000 square feet of flexible commercial space, the building has undergone numerous recent renovations, providing a solid foundation for a wide range of business ventures. Originally built as a restaurant and later adapted for rental use, the property is well suited for retail, office space, hospitality, professional services, or a new concept tailored to your vision. Whether you're expanding an existing business, launching a new venture, or looking for a strategic investment, 123 Water Street delivers the location, flexibility, and potential to make it happen. Priced for an immediate sale, this is your chance to secure a standout commercial property in one of Prince Edward Island's fastest-growing communities. (id:1945)
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Property details for 123 Water Street, Summerside
- Type
- Commercial
- Living Area
- 2,116 square feet
- Lot Size
- 0.11
- Stories
- 1
- Parking
- Parking Space(s), Visitor Parking
- Ownership
- Freehold
- Annual Taxes
- $4,769 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 123 Water Street
Active Listings
118
Min Price
$29,500
Max Price
$4,299,900
Avg Price
$431,127
Days on Market
102
days
Sold Listings
39
Min Sold Price
$18,500
Max Sold Price
$2,000,000
Avg Sold Price
$510,850
Days until Sold
92
days
Neighbourhood Census Data
Summerside, Prince Edward Island / Île-du-Prince-Édouard
Population
840
Median Age
51.2
Median Income
$32,619
Dwelling Value
$179,807
Housing Tenure
Owners 65%
Renters 33%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 448.6/km²
Avg Shelter Cost: $980/mo
Owners with Mortgage: 44.9%
Owners Spending 30%+: 10.2%
Tenants Spending 30%+: 44%
English only: 88%
English and French: 11.4%
Median Household Income: $64,213
Median Employment Income: $26,624
Price History
Listed
July 14, 2026
by ROYAL LEPAGE COUNTRY ESTATES 1985 LTD
Current Price
$429,900
Type
Commercial
For Sale