$3,480,000
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55/63 Russell Street, Summerside, PE C1N2T4

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Located at 55?63 Russell Street in Summerside, Prince Edward Island, this offering presents an opportunity to acquire a modern 16-unit multi-residential investment property comprising two purpose-built 8-unit apartment buildings. Built in 2020 by AFFLECK Construction, the property offers investors the benefits of newer construction, functional unit layouts, and potentially reduced near-term capital expenditure requirements compared with older multi-family inventory. All 16 residential units feature a two-bedroom, one-bathroom layout, with each unit including in-suite laundry with its own washer and dryer, along with a fully equipped kitchen featuring a stove, refrigerator, dishwasher, and microwave. The property is currently fully occupied, providing an established rental income stream and a stable operating profile. Its combination of modern construction, consistent unit configuration, and full occupancy makes it well suited to investors seeking a quality income-producing asset with long-term holding potential. The property is conveniently located in Summerside with access to shopping, schools, employment, healthcare, public services, and other everyday amenities, supporting continued tenant demand and long-term rental appeal. This offering is suitable for experienced multi-residential investors, portfolio owners seeking to expand their holdings, and qualified purchasers looking to acquire a substantial rental asset in Prince Edward Island. A detailed rent roll, operating statements, and supporting financial information are available to qualified purchasers upon request. To respect tenant privacy and minimize disruption, showings will be arranged for serious and financially qualified purchasers only, with a minimum of 48 hours? notice. 55?63 Russell Street offers a compelling opportunity to acquire a fully occupied, relatively modern 16-unit multi-residential asset in one of Prince Edward Island?s key regional markets. (id:58753)

  • MLS® 202622661
  • Date Listed09/08/2026
  • Days on Realty 19 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 33,977 sq. ft
  • Sewer Public Sewer
  • Property Type Apartment
  • Water Public

Interior Features

  • Appliances Refrigerator, Intercom, Dishwasher, Stove, Microwave Range Hood Combo, Washer/ Dryer Combo
  • Flooring Tile, Laminate, Carpeted
  • Cooling Air exchanger
  • Heating Space Heater, Electric, Wall Mounted Heat Pump

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 33,976.80
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for C1N2T4

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

Walkability in PE / C1N2T4

Source: Walk Score

65/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

45/100

Bikable

Bike Score ®

Overview

Some 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: 15/100, Transit Score: 0/100, Bike Score: 29/100.

Points of Interest near 55/63 Russell Street, Summerside, PE C1N2T4

Frequently Asked Questions for 55/63 Russell Street

Source: Realty.com

55/63 Russell Street, Summerside, PE C1N2T4 in Summerside, PE C1N2T4 is a apartment listed at $3,480,000. Realty.ca has 46 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 46 photos of 55/63 Russell Street.

The full address for this home is 55/63 Russell Street, Summerside, PE C1N2T4.

55/63 Russell Street has been listed on Realty.com since Tue September 08, 2026

Some 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: 15/100, Transit Score: 0/100, Bike Score: 29/100.

This content last refreshed on 2026-09-27 06:52:36. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.