279 Fitzroy Street Summerside, Prince Edward Island C1N 1J1

$650,000

Located in the heart of Summerside?s historic commercial core, 279 Fitzroy Street delivers a strong-performing, fully rented six-unit income property with exceptional location value. Its prominent corner lot, just steps from the waterfront and surrounded by key civic and commercial landmarks, provides investors with stability today and meaningful upside for the future. The three-storey building includes five one-bedroom units and one two-bedroom unit, all occupied and consistently in demand thanks to the walkable setting and updated interiors. Durable finishes and refreshed kitchens appeal to long-term tenants, while shared laundry facilities and practical storage space enhance operational convenience. Six on-site parking spaces?a rare asset downtown?create additional competitive value. With commercial zoning in place, this property offers flexibility for future redevelopment or repositioning in a growing area. Recent improvements, including new siding with added insulation, updated attic and basement insulation, and selective window replacements, support efficiency and protect long-term performance. Appliances, building systems, and utilities are already established, allowing a smooth transition for the next owner. The surrounding environment strengthens the investment case: City Hall, Holman?s Ice Cream, the Summerside Library and Inspire Learning Centre, Holland College, and a range of shops and services are all within a short walk. Strong foot traffic, active tourism, and ongoing downtown revitalization contribute to minimal vacancy and returns approaching the 7% range. Well-situated real estate in the downtown core is increasingly limited, making this both a secure holding and a strategic opportunity for future growth. Minimum 24-hour notice required for all showings. (id:56815)

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https://www.realtor.ca/real-estate/29110135/279-fitzroy-street-summerside-summerside