









1/11348 Myrtle Street, Summerside, PE C1N1Y8
$329,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
100%
NEW KITCHENS. NEW BATHROOMS. BRAND NEW APPLIANCES. This freshly renovated side by side duplex at 348 Myrtle Street, Summerside, offers flexibility for homeowners, extended families and investors. Live in one unit and rent the other, keep family close with separate living spaces, or add both units to your rental portfolio. With renovations and painting complete, both units offer fresh interiors with new flooring, new kitchens, brand new appliances and brand new bathrooms. Washer and dryer hookups have been installed in each unit. A steel roof and new or updated entry steps add to the appeal. Unit 1 features two bedrooms, one full bathroom, a kitchen, dining room and living room. An insulated loft offers additional potential, with drywall and flooring materials included in the purchase for its completion. Unit 2 offers three bedrooms, one full bathroom, a new kitchen with brand new appliances, and a den for added flexibility. Each unit has two separate entrances, its own power meter, electrical panel, furnace and oil tank, plus one parking space. This independent setup offers practical separation for owners, tenants or family members sharing the property. Located within walking distance of the Summerside Boardwalk, Confederation Trail, shopping and parks, this property puts everyday conveniences and outdoor recreation close to home. Clean, freshly updated and ready for its next owner or landlord, 348 Myrtle Street is a great opportunity to combine a place to call home with rental potential, accommodate family, or invest in Summerside real estate. (id:66811)
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Monthly debt service
$2K
Projected NOI
$18K
Annual cash flow
$-548
Cash-on-cash
-0.55%
DSCR
0.97
Going-in cap
5.38%
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
133,091
Households
48,306
Median income
$81,500
Median age
41.9
Daytime population
113,626
5-yr growth
8.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 348 Myrtle 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.