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316 Water Street, Summerside, PE, C1A 0A6

MLS® # 202420995
Commercial For Sale In Summerside, Prince Edward Island
$849,000
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
316 Water Street, Summerside, PE
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MULTIMEDIA

ACTIVE
316 Water Street, Summerside, PE, C1A 0A6
$849,000

Property Information:

Prime Commercial Condo Unit in Historic Downtown Summerside This is a rare opportunity to own a prime commercial condo unit in one of Summerside's most sought-after locations. Situated in a historic building on a bustling corner in downtown Summerside, this property boasts approximately 5600 square feet of versatile space with endless possibilities for your business. The unit offers a unique blend of old-world charm and modern convenience, with large windows that flood the space with natural light and offer stunning ocean views. Whether you're looking to expand your retail footprint, open a new office, or create a mixed-use space, this property is the perfect canvas for your vision. A significant advantage of this property is the presence of a long-term tenant who wishes to remain, providing immediate rental income to help offset your expenses. This existing tenant ensures a steady cash flow while you develop the vacant portion of the unit to suit your needs. The condo unit includes six assigned parking spaces, ensuring easy access for both you and your clients. A full-access loading dock at the back of the building makes operations smooth and convenient, while an additional 778 square feet of basement storage provides ample room for inventory,supplies or potential expansion. Located next to a busy coffee shop and with modern residential condos above, this property is at the heart of a vibrant community. The Summerside boardwalk is just steps away, attracting foot traffic and increasing your business's visibility. Condo fees are $2,231 per month, covering heating, exterior maintenance, window washing, snow removal, and general upkeep, allowing you to focus on what matters most—your business. Don't miss out on this exceptional opportunity to secure a prime commercial space in the thriving and historic part of Summerside. Contact us today to learn more or to schedule a viewing.

Property Features:

  • Built in: 1924
  • Documents on File: Floor Plan
  • Driveway/Parking: Parking Spaces(s), Paved
  • Fire Protection: Smoke Detector, Sprinkler
  • Floor Space (approx): 6378 Square Feet
  • Flooring: Other
  • Fuel Type: Oil
  • Heating/Cooling Type: Forced Air, Furnace
  • Property Size: Under 0.5 Acres
  • Rental Equipment: None
  • Roof: Asphalt Shingle
  • Sub-type: Office, Other
  • Title to Land: Freehold
  • Water Access/View: Access: Ocean, View: Ocean
  • Water Source: Municipal

Courtesy of: RE/MAX HARBOURSIDE REALTY

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 316 Water Street, Summerside, PE, C1A 0A6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

42/100

Moderate

ClimateCheck®

Current data

This property, 316 Water Street , experiences 7 hot days per year at around 27.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.6℃
2050
30.7℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

67/100

Moderate-High

ClimateCheck®

Current data

This property, 316 Water Street , experiences 11 significant 2-day storms per year, with about 344.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 441.7mm of precipitation per year.

Precipitation Per Storm

Past
344.7mm
2050
441.7mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 316 Water Street, Summerside, PE, C1A 0A6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,502.95

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.78 %

High school certificate or equivalent

35.5 %

Apprenticeship trade certificate/diploma

5.37 %

College/non-university certificate

26.64 %

University certificate (below bachelor)

1.88 %

University Degree

11.85 %

Commuter

Travel To Work

By Car

84.84 %

By Public Transit

0.0 %

By Walking

13.7 %

By Bicycle

0.0 %

By Other Methods

1.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.86 %

Houses

58.14 %

Own Vs. Rent

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