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48 Water Street, Summerside, PE, C1N 4T8

MLS® # 202425966
Commercial For Sale In Summerside, Prince Edward Island
$849,000
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
48 Water Street, Summerside, PE
  • Advertising

MULTIMEDIA

ACTIVE
48 Water Street, Summerside, PE, C1N 4T8
$849,000

Property Information:

Welcome to a remarkable commercial property at the beginning of the entrance to downtown Summerside, offering an unparalleled opportunity for entrepreneurs and investors. Located in a bustling commercial zone with stunning waterfront views, this property boasts a range of enticing features that make it a dream investment opportunity. Key features are direct access to the 190 ft of waterfront this property offers a unique advantage. The scenic views and the potential for waterfront activities make it a valuable asset. High Traffic: Being in a commercial hub, this property enjoys a constant flow of traffic, ensuring a steady stream of potential customers for any business venture. Turnkey Restaurant and Bakery Equipment: A significant advantage of this property is that it comes fully equipped with a complete set of restaurant and bakery equipment. This turnkey setup is ideal for entrepreneurs looking to establish or expand their culinary ventures. Spacious Dining Area: The property features a large open dining area, providing ample space for patrons. Ample parking for 40 plus vehicles. Warehouse Space: Beyond the parking area, there is a sizable warehouse, offering additional storage or expansion opportunities for various businesses. This property is a strategic investment that combines location, infrastructure, and potential for future growth. Whether you have a vision for a restaurant, bakery, or any other business, this commercial gem in downtown Summerside is ready to accommodate your dreams. Don't miss the chance to make your mark in this thriving community while enjoying the benefits of a stunning waterfront location.

Property Features:

  • Building Amenities: Air Conditioning, Recreational Area, Security System, See Remarks, Air Conditioning, Recreational Area, Security System, See Remarks
  • Building Features: Outside Storage, Wheelchair Accessible
  • Built in: 1975
  • Construction: Wood Frame
  • Driveway/Parking: Multi, Paved, Visitor Parking, Other
  • Fire Protection: Alarm
  • Floor Space (approx): 3996 Square Feet
  • Flooring: See Remarks
  • Fuel Type: Electric, Oil, Propane
  • Heating/Cooling Type: Forced Air, Furnace, Heat Pump -Ductless, Hot Water
  • Lot Size: 2.28 Acres
  • Property Size: 1 to 2.99 Acres
  • Rental Equipment: Propane Tank
  • Roof: Asphalt Shingle
  • Site Influences: Cleared, Waterfront, High Traffic Location, Cleared, Waterfront, High Traffic Location
  • Sub-type: Restaurant
  • Title to Land: Freehold
  • Utilities: Municipal Water
  • Water Frontage: Harbour
  • Water Source: Municipal

Courtesy of: CENTURY 21 NORTHUMBERLAND 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 48 Water Street, Summerside, PE, C1N 4T8

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, 48 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, 48 Water Street , experiences 11 significant 2-day storms per year, with about 344.5mm 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 441.9mm of precipitation per year.

Precipitation Per Storm

Past
344.5mm
2050
441.9mm

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 48 Water Street, Summerside, PE, C1N 4T8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$94,027.10

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.98 %

High school certificate or equivalent

40.29 %

Apprenticeship trade certificate/diploma

3.7 %

College/non-university certificate

26.1 %

University certificate (below bachelor)

0.58 %

University Degree

17.35 %

Commuter

Travel To Work

By Car

85.13 %

By Public Transit

0.0 %

By Walking

10.45 %

By Bicycle

0.0 %

By Other Methods

4.42 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

35.3 %

Houses

64.7 %

Own Vs. Rent

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