$600,000
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279 Fitzroy Street, Summerside, PE C1N1J1

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A rare opportunity to acquire a fully leased, income producing multiplex in the heart of downtown Summerside. 279 Fitzroy Street delivers immediate cash flow from day one, backed by a strong rental history and dependable, long term tenants. The current owner has successfully managed the property remotely, proving just how turn key and low maintenance this investment truly is. The zoning is Commercial, offering future flexibility and redevelopment potential for investors with vision. Set on a prominent corner lot, this well maintained three storey building features five 1 bedroom units and one 2 bedroom unit, most finished with updated interiors. Recent capital upgrades, including apartment upgrades, improved attic and basement insulation, security upgrades and roof replacements, have meaningfully reduced near term maintenance costs while improving energy efficiency, a meaningful advantage for any new owner's bottom line. The current owner is also planning a further heating system upgrade ahead of sale, positioned to improve operating efficiency and strengthen the property's financials going forward. Tenants enjoy a walkable downtown lifestyle just steps from the waterfront, City Hall, the Summerside Library, Holland College, local shops, and Holman's Ice Cream. This is more than a lifestyle perk, proximity to Holland College and core municipal employers underpins a steady, renewing tenant base, while six on site parking spaces (a genuine rarity in this downtown core) give the property a real competitive edge over comparable rentals. The building offers shared laundry and dedicated tenant storage, and is delivering returns approaching the 8% range. A strong yield for a stabilized, turn key asset in a market with limited new rental supply and ongoing downtown revitalization. (id:58753)

Listing By: Paul Llewellyn - EXIT Realty PEI cncrea2 Realty.com
  • MLS® 202615419
  • Date Listed06/23/2026
  • Days on Realty 32 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 8,712 sq. ft
  • Sewer Public Sewer
  • Property Type Apartment
  • Year Built 1947
  • Water Public

Interior Features

  • Appliances Refrigerator, Stove
  • Flooring Hardwood, Laminate, Carpeted, Vinyl
  • Heating Oil, Electric, Radiator, Hot Water, Furnace

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 8,712.00
  • Lot Features Balcony

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for C1N1J1

Discover key demographics, population statistics, and environmental insights for the Summerside, PE area.

Walkability in PE / C1N1J1

Source: Walk Score

79/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

49/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 30/100.

Points of Interest near 279 FITZROY Street, Summerside, PE C1N1J1

Frequently Asked Questions for 279 FITZROY Street

Source: Realty.com

279 FITZROY Street, Summerside, PE C1N1J1 in Summerside, PE C1N1J1 is a apartment listed at $600,000. Highlights include built in 1947. Realty.ca has 19 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 19 photos of 279 FITZROY Street.

Our records indicate that 279 FITZROY Street was built in 1947.

The full address for this home is 279 FITZROY Street, Summerside, PE C1N1J1.

279 FITZROY Street has been listed on Realty.com since Tue June 23, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 0/100, Bike Score: 30/100.

Listing provided courtesy of: EXIT Realty PEI
Listing agent: Paul Llewellyn

This content last refreshed on 2026-07-25 18:58:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.