










1/12Suite 2 216 Water Street, Summerside, PE C1N1B3
Price on request
—
Asset Class
Office
Size
—
Building class
A
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
85%
Year Built
1990
Professional office space available for lease in Summerside, PEI. Suite 2 consists of a private, single-room office featuring a functional square layout and new flooring. The suite is located at the end of the hallway, just off the building?s main foyer and entrance. While the office does not have a window or dedicated closet space, it provides a practical and affordable option for a professional, consultant, or service-based business requiring a smaller workspace. Heat and electricity are included in the monthly rent. The suite is located within a professionally managed, secure commercial building offering 24/7 tenant access and on-call maintenance. A common washroom is conveniently located immediately down the hallway, and a building caretaker maintains the common areas. Parking options are also available. For the right tenant, there may be an opportunity to combine Suite 2 with Suite 1 to accommodate a larger space requirement. 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. $460 per month HST included. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$70K
Annual cash flow
$-13K
Cash-on-cash
-2.97%
DSCR
0.84
Going-in cap
4.65%
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
114,513
Households
47,357
Median income
$133,500
Median age
34.3
Daytime population
116,435
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Suite 2 216 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.