










1/12Suite 9 216 Water Street, Summerside, PE C1N1B3
Price on request
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Asset Class
Office
Size
—
Building class
C
Zoning
DC1 — Direct Control
$ / SF
—
Occupancy
88%
Year Built
1990
Professional commercial space available for lease in Summerside, PEI. Suite 9 offers a spacious single-room layout with new flooring, a window providing natural light and exterior exposure, and two closets offering convenient storage. Doors may also be added to create more defined enclosed storage space. Heat and electricity are included in the monthly rent. Conveniently located near the building?s primary entrance, the suite provides good accessibility and visibility. Previously used as a clothing store, the flexible layout is suitable for a variety of potential professional, office, or service-based uses. Located within a professionally managed, secure commercial building, tenants benefit from 24/7 access and on-call maintenance. Parking options are also available. Minimum one-year lease required. Some photos have been virtually staged to illustrate the property's potential. Measurements are based on older floor plans and are approximate. Buyers are advised to verify all measurements. $1,100 per month HST included. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$74K
Annual cash flow
$-10K
Cash-on-cash
-2.11%
DSCR
0.89
Going-in cap
4.91%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
43,136
Households
17,417
Median income
$125,000
Median age
34.4
Daytime population
37,201
5-yr growth
6.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Suite 9 216 Water Street, Summerside.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.