279 Fitzroy Street Summerside, Prince Edward Island C1N 4J9
$650,000
279 Fitzroy Street presents a rare opportunity to own a fully rented six-unit income property in the historic heart of Summerside. Perfectly positioned on a corner lot just steps from the waterfront, this three-storey building offers a blend of charm, practicality, and long-term investment stability. Neighbouring buildings include other commercial properties such as Summerside City Hall, Holman?s Ice Cream, and the Summerside Library, further enhancing the property?s location appeal. The zoning is Commercial, offering future flexibility and redevelopment potential for investors with vision. The layout includes five one-bedroom units and one two-bedroom unit, all tenant-occupied. Interiors are well maintained with updated kitchens and durable finishes. Residents benefit from shared laundry, a 13 x 20 storage area, and six on-site parking spaces; an uncommon amenity in this central location. With operational performance approaching a seven percent return, this is a strong hold in a growing community. Included in the sale are six fridges, six stoves, one washer, and one dryer. Financials are available to qualified buyers upon signing a non-disclosure agreement. Minimum 24-hour notice required for all showings. (id:56815)
Property Details
| MLS® Number | 202511196 |
| Property Type | Multi-family |
| Community Name | Summerside |
| Amenities Near By | Public Transit, Shopping |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Amenities | Laundry Facility |
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | Full |
| Constructed Date | 1946 |
| Exterior Finish | Wood Siding |
| Flooring Type | Carpeted, Hardwood |
| Foundation Type | Stone |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters, Radiator |
| Stories Total | 3 |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.2 |
| Size Total | 0.2 Ac|under 1/2 Acre |
| Size Total Text | 0.2 Ac|under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/28320409/279-fitzroy-street-summerside-summerside
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May 15 2025 09:39:26
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty