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55/63 Russell Street
Summerside C1N 2T4

$3,480,000
Multi-family

Main Photo: 55/63 Russell Street in Summerside: Multi-family for sale : MLS®# 202622661
Photo 1: 55/63 Russell Street in Summerside: Multi-family for sale : MLS®# 202622661
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
202622661
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:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Zoning:
Multi-Family
Community:
Summerside
Features:
Laundry Facility
Exterior Features:
Vinyl
Community Features:
School Bus
Structure Type:
Apartment
Appliances Included:
Refrigerator, Intercom, Dishwasher, Stove, Microwave Range Hood Combo, Washer/Dryer Combo
Cooling:
Air exchanger
Fireplace:
No
Floor finish:
Tile, Laminate, Carpeted
Foundation:
Concrete Block
Heating:
Space Heater, Electric, Wall Mounted Heat Pump
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
None
Lot Size:
0.78 acre(s)
Lot Details:
0.78
Parking:
Parking Space(s)
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Listed by ROYAL LEPAGE PRINCE EDWARD REALTY
Data was last updated September 8, 2026 at 09:45 PM (UTC)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.