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37 Central Street, Summerside, PE, C1N 3K8

MLS® # 202529640
Commercial For Sale In Summerside, Prince Edward Island
$699,000

None Beds

37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
37 Central Street, Summerside, PE
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37 Central Street, Summerside, PE, C1N 3K8
$699,000

Property Information:

Versatile downtown investment opportunity located on a prominent corner lot at 37 Central Street in the heart of Summerside. This well-maintained mixed-use building offers multiple income streams and flexibility for both investors and owner-operators. The main floor is currently approved and occupied as a convenience store and an electronic repair shop, featuring excellent street exposure, a powder room, and a small office/kitchenette area. The commercial space can be delivered vacant or the current owners are open to entering into an agreeable lease, subject to terms acceptable to both parties—providing options for immediate occupancy or continued rental income. The upper floor is city-approved for room rentals and consists of four individual tenant rooms with shared kitchen and bathroom facilities. This level has its own private side entrance, allowing for separation between residential and commercial uses. The basement includes multiple storage rooms and an office-style area. While there are no exterior windows, the space is functional for storage and support uses related to the building’s operations. The property is fully electric with Heat for less heating system by City of Summerside, reducing mechanical complexity. Buyers will assume the existing heating lease. The building has undergone extensive upgrades in recent years, including fire-rated drywall on the main floor and basement, new main-floor flooring, upgraded electrical service with a 400-amp panel and an additional 100-amp panel servicing the lower level, and 90-minute fire-rated doors installed throughout the building at key entry and exit points. With approved commercial uses, residential room rentals, basement storage potential, and a prime downtown location close to shopping, services, and the waterfront, this property offers a wide range of possibilities—whether as a convenience or specialty retail space, electronic service business, office use, or a multi-income investment asset

Property Features:

  • Annual Tax Amount: $6,133
  • Building Amenities: Air Conditioning, Living Accommodations, Recreational Facilities, Air Conditioning, Living Accommodations, Recreational Facilities
  • Building Features: Storage Building
  • Built in: 1973
  • Construction: Brick, Wood Frame
  • Documents on File: Aerial Photos, Other Documents
  • Driveway/Parking: Gravel
  • Floor Space (approx): 4500 Square Feet
  • Flooring: Other
  • Fuel Type: Electric
  • Heating/Cooling Type: Heat Pump -Ductless, Hot Water
  • Lot Size: 0.09
  • Property Size: Under 0.5 Acres
  • Rental Equipment: Furnace
  • Roof: Asphalt Shingle
  • Site Influences: Shopping Nearby, Visual Exposure, Corner Site, Shopping Nearby, Visual Exposure, Corner Site
  • Sub-type: Other
  • Title to Land: Freehold
  • Utilities: Cable, Electrical, Municipal Water, Telephone
  • Water Source: Municipal

Courtesy of: CENTURY 21 NORTHUMBERLAND 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

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Market Price Trends

All Properties

1.35%

Price change (1 year)

57.27%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 37 Central Street, Summerside, PE, C1N 3K8

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: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

42/100

Moderate

ClimateCheck®

Current data

This property, 37 Central Street , experiences 7 hot days per year at around 27.6 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 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.6℃
2050
30.7℃

# 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 Precipitation Risk: Moderate-High

14 storms expected in 2050

67/100

Moderate-High

ClimateCheck®

Current data

This property, 37 Central Street , experiences 11 significant 2-day storms per year, with about 344.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 441.7mm of precipitation per year.

Precipitation Per Storm

Past
344.7mm
2050
441.7mm

48-Hour Storms Per Year

Past
11
2050
14

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.

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Demographic Information of 37 Central Street, Summerside, PE, C1N 3K8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,502.95

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.78 %

High school certificate or equivalent

35.5 %

Apprenticeship trade certificate/diploma

5.37 %

College/non-university certificate

26.64 %

University certificate (below bachelor)

1.88 %

University Degree

11.85 %

Commuter

Travel To Work

By Car

84.84 %

By Public Transit

0.0 %

By Walking

13.7 %

By Bicycle

0.0 %

By Other Methods

1.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.86 %

Houses

58.14 %

Own Vs. Rent

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