Residentiae.
For Sale · PEIA

48 WATER STREET

PEIA · C1N4T8

$849,000

Bedrooms
Bathrooms
Parking
3,996Sq Ft

About this residence

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. (id:61366)

Property details

Property type
Other
Ownership
Freehold
Living area
3,996 sq ft
Lot size
2.28 Acres
Year built
1975
Annual tax
$11,774
MLS®
202425966
Board
PEIA
Status
Inactive
Listed
Nov 4, 2024
Updated
Sep 29, 2025

Features & finishes

Flooring

  • Other

Parking

  • Visitor Parking
  • Other

Lot

  • Paved driveway

Financing

Mortgage calculator

Estimated monthly payment

$3,971/mo

Amortization

Loan amount

$679,200

Down payment

$169,800

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

PEIA

About the area

Census · C1N
17,691
Population
47
Median age
$65,000
Median income
$250,000
Median home value
59%
Home ownership
16 min
Avg. commute

Age distribution

0–14
14%
15–24
12%
25–44
21%
45–64
29%
65+
24%

Tenure

59% owners41% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

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Good to know

Frequently asked questions

What is the asking price for 48 WATER STREET?

48 WATER STREET is listed for $849,000, in PEIA.

What type of home is 48 WATER STREET?

48 WATER STREET is a Other, built in 1975.

How large is 48 WATER STREET?

The home offers approximately 3,996 sq ft of living space on a lot measuring 2.28 Acres.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,971. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $11,774 per year.

What is the PEIA area like?

PEIA has a population of about 17,691, a median age of 47, a 59% home-ownership rate, with an average commute of about 16 minutes.

What is the average home value in PEIA?

The median dwelling value in this area is approximately $250,000, based on census data via Neighbourly.

What is the median household income in PEIA?

The median household income in this area is approximately $65,000.

Private viewings

Arrange a private viewing of 48 WATER STREET.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

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