340 Water Street Summerside, Prince Edward Island C1N 1C3



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. (id:1834)


Business Type Accommodation, Industrial, Other, Other, Personal Services, Recreation, Restaurant, Retail and Wholesale, Residential
Business Sub Type Hotel/motel, Warehouse, Other, Offices, Hairdressing Salon, Recreation, Restaurant, Shopping center, Residential

Property Details

MLS® Number 202219656
Property Type Industrial
Community Name Summerside
Amenities Near By Public Transit, Shopping, Water Nearby
Community Features High Traffic Area
Equipment Type Other
Rental Equipment Type Other
View Type Ocean View, View Of Water


Amenities Laundry Facility, Living Accommodation
Constructed Date 1880
Construction Material Wood Frame
Fire Protection Sprinkler System-fire
Flooring Type Heavy Loading, Wood, Other
Stories Total 3
Size Interior 15000
Total Finished Area 15000 Sqft
Utility Water Municipal Water


Parking Space(s)
Paved Yard
Visitor Parking


Acreage No
Land Amenities Public Transit, Shopping, Water Nearby
Size Irregular .249
Size Total 0.2490|under 1/2 Acre
Size Total Text 0.2490|under 1/2 Acre
Zoning Description Commercial



Contact us for more information

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Taralynn Arsenault

(902) 315-2892
(902) 892-0994
(902) 315-2892

Keller Williams Select Realty
4-161 Maypoint Road
Charlottetown, Prince Edward Island C1E 1X6

(902) 812-1639

Chloe Costa

(782) 414-1427

Keller Williams Select Realty
4-161 Maypoint Road
Charlottetown, Prince Edward Island C1E 1X6

(902) 812-1639