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340 Water Street, Summerside, PE, C1N 1C3

MLS® # 202219656
Commercial For Sale In Summerside, Prince Edward Island
$1,500,000
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
340 Water Street, Summerside, PE
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MULTIMEDIA

340 Water Street, Summerside, PE, C1N 1C3
$1,500,000

Property Information:

Don`t miss this fantastic development opportunity! 340 Water Street is a historical commercial building built in the 1800’s in the heart of downtown Summerside and adjacent the ocean. This property has one of the most spectacular views in PEI, borders the Confederation Trail and overlooks picturesque Summerside Harbour. The sunsets are unbelievable. You are close to all downtown amenities, walking distance to a local college and all the harbour.. As one of the largest 3 storey buildings remaining for sale on the Summerside downtown waterfront. the building can be used as a mix of commercial and residential. The building has approx 15,000 sq ft over three floors. it was used as a manufacturing and warehousing operation and is extremely sturdy with 10 and 12 ft ceilings and post and beam construction. 3 floors can easily be built to accommodate 10 residential units and retail or a restaurant on the main floor. We believe it could support 350K in rental revenue a year. This building has been gutted to it’s core and is ready for renovations. It includes: 13` Exterior walls, a full dry sprinkler system. 152 feet of wall space along the south side facing the waterfront. Borders on confederation trail. Has 400 Amp and 3 phase wiring. 1800 sq ft studio apartment on main floor with separate entrance. A wonderful building with lots of history. Would make great waterfront apartments. Restaurant etc.etc. Plans available upon request

Property Features:

  • Building Amenities: Laundry Facilities, Living Accommodations, See Remarks, Laundry Facilities, Living Accommodations, See Remarks
  • Building Features: Grade Loading, Wheelchair Accessible, Other
  • Built in: 1880
  • Construction: Wood Frame
  • Documents on File: Aerial Photos, Blueprint, Floor Plan, See Instr. To Members
  • Driveway/Parking: Parking Spaces(s), Paved, Visitor Parking
  • Fire Protection: Sprinkler
  • Floor Space (approx): 15000 Square Feet
  • Flooring: Heavy Loading, Wood, Other, See Remarks
  • Fuel Type: Electric
  • Heating/Cooling Type: Fireplace, Heat Pump -Ductless
  • Lot Size: 0.25
  • Property Size: Under 0.5 Acres
  • Rental Equipment: Other
  • Roof: Asphalt Shingle
  • Site Influences: Public Transportation, Shopping Nearby, Visual Exposure, Waterfront, High Traffic Location, Public Parking, Public Transportation, Shopping Nearby, Visual Exposure, Waterfront, High Traffic Location, Public Parking
  • Sub-type: Motel/Hotel, Office, Other, Recreational, Residential Units, Restaurant, Shopping Centre, Warehouse, Salon, Bed & Breakfast
  • Title to Land: Freehold
  • Utilities: Cable, Electrical, Municipal Water, Sewer, Telephone, Other, See Remarks
  • Water Access/View: Access: Public, View: Harbour, View: Ocean, Access: Year Round Road
  • Water Source: Municipal

Courtesy of: KELLER WILLIAMS SELECT 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

Location of 340 Water Street, Summerside, PE, C1N 1C3

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: High

34 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

42/100

High

ClimateCheck®

Current data

This property, 340 Water Street , experiences 7 hot days per year at around 27.59 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 30.74 degrees Celsius.

Projected Avg. Temperature

Past
27.59℃
2050
30.74℃

# 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 Storm Risk:

13 storms expected in 2050

67/100

ClimateCheck®

Current data

This property, 340 Water Street , experiences 10 significant 2-day storms per year, with about 344.66mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 441.69mm of precipitation per year.

Precipitation Per Storm

Past
344.66mm
2050
441.69mm

48-Hour Storms Per Year

Past
10
2050
13

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.

Demographic Information of 340 Water Street, Summerside, PE, C1N 1C3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$57,328.84

Average Number of Children

0.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.7 %

High school certificate or equivalent

38.49 %

Apprenticeship trade certificate/diploma

8.73 %

College/non-university certificate

20.98 %

University Degree

5.96 %

Commuter

Travel To Work

By Car

74.05 %

By Public Transit

0.0 %

By Walking

14.97 %

By Bicycle

0.0 %

By Other Methods

10.98 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.14 %

Houses

59.76 %

Own Vs. Rent