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For Sale · Summerside

$1,899,000

227-239 Water Street, Summerside

Tour this home

26,532

Size

1968

Year built

About This Home

The details.

Prime Mixed-Use Investment Opportunity in Downtown Summerside! This incredibly rare offering presents a meticulously maintained building with 16 residential units and 8 diverse commercial spaces (retail and restaurant) right in the heart of the city. Boasting 100% occupancy with exceptional tenants and a high capitalization rate, . Enjoy a highly visible location on a busy street with abundant foot traffic,...

Summarizing the highlights...

MLS® 202609338Listing courtesy of ROYAL LEPAGE PRINCE EDWARD REALTYView on map

Property Details

Facts & features.

Property type: Other
Ownership: Freehold
Year built: 1968
Size: 26,532 sqft
Lot size: 0.43
Listed on: 2026-05-01
Days on market: 76
MLS number: 202609338
Data source: Prince Edward Island Real Estate Association

Market intelligence

Statistics and history.

Days on market

Summerside median asking

$350K

62 active listings

Price per sqft

$72

Based on 26,532 sqft interior

Where this price sits in Summerside

$100KThis listing$799K

Computed live from active MLS listings we track. Sold-price history and multi-year assessment history switch on when sold-data access arrives.

Coming Soon

Listing & sold history.

These sections unlock with our sold-data feed. They are reserved here so you know exactly what is on the way.

Sold history for this homeComing soon

Listing history (every time it hit the market)Coming soon

Days-on-market trend for this areaComing soon

Nearby sold comparisonsComing soon

July Value

What this home is worth.

Calculating a July Value estimate...

Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization25 yr

Monthly mortgage payment

$8,881

$1,519,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$8,881

Cash flow

-$8,881

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Summerside right now

Active listings

New this week

$349,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Summerside.

Household and demographic stats for Summerside, from the Statistics Canada 2021 Census.

16,001
Population (2021): 46.8
Median age: 7,095
Households: 2.2
Avg household size: 53.2%
Home ownership: $63,200
Median household income

Summerside market trends

Source: Statistics Canada 2021 Census, Summerside, City, Prince Edward Island.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.