205 Water Street — Summerside, Prince Edward Island

C1N1B4

5Beds

2Baths

1923Built

About This Property

Discover the potential of 205 Water Street in the heart of downtown Summerside, PEI! This versatile property features a spacious 5-bedroom residence above, ready for your personal touch, alongside two thriving commercial rentals on the main level. With current tenants already in place, this is an ideal opportunity for those looking to live in the vibrant downtown area while running a business or managing rental income. The residential space has new windows and updated electrical, with some cosmetic renovations already started in the bathroom, waiting for your finishing touches. Imagine the possibilities of a weekly rental above, combined with established commercial leases below. Don?t miss your chance to invest in a prime location on the Main Street of PEI's second-largest city .Lot goes street to street ?opportunities like this are rare and endless! (id:63357)

Property Details

Property Type: Detached
Bedrooms: 5
Bathrooms: 2
Half Baths: 1
Above Grade Area: 2,892 sqft
Year Built: 1923
Stories: 2.5
Status: Active

Location & Neighborhood

What's nearby 205 Water Street

Parks & Recreation

Memorial Park
park
0.3 km
Harvard Street Park
park
0.7 km
Billy Bridges Park
park
0.8 km

POI data updated 2/3/2026

Last updated: Sep 29, 2025

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$429,900