55/63 Russell Street Summerside, Prince Edward Island C1N 2T4
$3,480,000
Located at 55?63 Russell Street in Summerside, Prince Edward Island, this is a rare opportunity to acquire a quality multi-residential investment property consisting of two purpose-built 8-unit apartment buildings, for a total of 16 residential rental units. Built in 2020 by AFFLECK Construction, the property offers investors the advantage of relatively modern construction, a well-established layout, and the opportunity to own a stable income-producing multi-family asset with potentially lower near-term capital expenditure requirements than older apartment inventory. The property is currently fully tenant occupied and provides an established rental income stream, while offering a strong combination of newer construction, stable operations, and long-term income potential. Conveniently located in Summerside, the property is close to shopping, schools, employment, healthcare, public services, and other everyday amenities, helping support continued tenant demand and long-term rental appeal. This offering is well suited to experienced multi-residential investors, portfolio owners looking to expand their holdings, and qualified purchasers seeking a quality income-producing asset in Prince Edward Island. A detailed rent roll, operating statements, and supporting financial information are available to qualified purchasers upon request. In consideration of the existing tenants and to minimize disruption, property showings will be arranged for serious and financially qualified purchasers only, with a minimum of 48 hours? notice. For investors seeking a relatively modern, well-positioned, and fully occupied 16-unit multi-residential property in Summerside, this is an opportunity well worth consideration. (id:34223)
Property Details
| MLS® Number | 202622661 |
| Property Type | Multi-family |
| Community Name | Summerside |
| Amenities Near By | Park, Playground, Public Transit |
| Community Features | School Bus |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Amenities | Laundry Facility |
| Appliances | Stove, Dishwasher, Washer/dryer Combo, Intercom, Microwave Range Hood Combo, Refrigerator |
| Basement Type | None |
| Cooling Type | Air Exchanger |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted, Laminate, Tile |
| Foundation Type | Concrete Block |
| Heating Fuel | Electric |
| Heating Type | Wall Mounted Heat Pump, Space Heater |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.78 |
| Size Total | 0.78 Ac|1/2 - 1 Acre |
| Size Total Text | 0.78 Ac|1/2 - 1 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/30246653/5563-russell-street-summerside-summerside
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September 08 2026 06:52:34
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty