102 622 Water St, Summerside, Prince Edward Island, C1N4H7, Summerside, PE

$5,000
Est. Mortgage /mo

MLS® 202405389

$5,000
$229,000
Est. Mortgage /mo
Agent photor
Dan Marusin
Renanza Realty
877-506-0434
Go See This Home Now
lot 0 sqft
850 sqft
2024 built
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Property details

Have you ever dreamt of being the master of your own culinary destiny, showcasing your skills and talent in a thriving restaurant? Well, the opportunity you've been waiting for is right here in Summerside, PEI, where success is on the menu. Presenting a turnkey operation, this restaurant is more than just a business; it's a canvas for your culinary artistry. With a mere $15,000 down payment and an excellent credit score, you may even qualify for vendor financing, making your dream restaurant a tangible reality. This establishment isn't just any restaurant; it's a five-star gem, consistently earning rave reviews from satisfied patrons. In fact, it was nominated for the 2022 Best New Business Of The Year Award, a testament to its rapid rise and popularity. But it doesn't stop there; in 2023, it has been nominated for the prestigious Business Excellence For The Community Impact Award, demonstrating its commitment to making a positive difference in the local community. Nestled in the vibrant heart of downtown Summerside, this restaurant enjoys prime real estate, surrounded by a lively community and thriving commerce next to quality Inn and across from Home Hardware. The current owners spared no expense, meticulously renovating the leased space and installing brand-new, top-of-the-line equipment. Whether you're a seasoned restaurateur or an up -and-coming chef, this turnkey operation provides you with all the necessary tools for success. Full lease details, a comprehensive equipment list, and financial records are all available upon request, allowing you to step into this flourishing restaurant business with confidence. Don't miss the chance to take the helm of this celebrated dining establishment, where your culinary passion can truly shine, and success is not just a dream but a flavorful reality. Lease this space for $5000 per month for a minimum of 2 years with the opportunity for purchase at $229,000. (id:26763)

Location Details
Area Canada
State Prince Edward Island
City Summerside
Postal Code C1N4H7
Property Metrics
Floor Area Total (Sq.ft) 850
Financial Details
List Price 5,000

Neighborhood Info

Private Schools
Elementary, Secondary
Grace Christian School
Above Average
51.47 km
No Rating
Details
Elementary, Secondary
Grace Christian School
Above Average
51.47 km
No Rating
Details
Closest Transit
Charlottetown
Stockman Drive & Miller Drive
48.84 km

The closest Elementary independent school to this home for sale located at 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 is Grace Christian School with School's rating No Rating, located 51.47 km from this home.

The closest to this address 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 Secondary independent school is Grace Christian School with School's rating No Rating, located 51.47 km km from this home

The freshest crime data from Statistics Canada are from 2020. There were 1,572 volation disturbances in this neighbourhood. The overall crime rate near the address - 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is 9,948.74. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has High rate in 2020. Year by year change in the total crime rate is 1.40%

Drug crime rate next to the listing for sale MLS® 202405389 is High comparing to other neighbourhoods. The illegal substances offences rating is 322.76. This is the amount of drug crime incidents per 100,000 population. There were 51 illegal substances lawbreaking disturbances in this city in 2020. Year by year change in the illegal substances offences ranking is 25.90%

Property crimes in the neighbourhood close to real estate listing for sale 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 are High. Property misconduct rating adjacent to MLS® 202405389 is 4,132.65. There were 653 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -17.60%

There were 371 violent lawbreaking disorders in 2020. 2,347.95 and it is High rate comparing to other BC municipalities. Year by year change in the violent crime rate is 18.90%

The closest Bus station is Stockman Drive & Miller Drive in 48.84 km away from this listing with - MLS® 202405389.

14.3% of people with university certificate/degree live in this neighbourhood adjacent to the 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 which is Below Average in comparison with other BC neighbourhoods. 22.5% of population in this neighbourhood that is near the Listing MLS® 202405389 have no certificate or degree. This number is Above Average compared to the average in BC.

Median Household Income near this dwelling with the address 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is $52143 which is Below Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® 202405389 is $29583 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 58.9% which is Average.

Unemployment rate in the area around MLS® Listing # 202405389 is 11.3 which is Above Average in comparison to the other province neighbourhoods.

This real estate is located in 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 where population change between 2011 and 2016 was 0.5%. This is Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is 520.5 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 is 2.7. This is Below Average number in comparison to the whole region. Percent of families with children near by the MLS® - MLS® 202405389 is 52.4% and it is Below Average. % of Married or living common law is around 56.6% and it is Average.

Average age of the population close to the 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 is 44.4 . This percentage is Above Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is $156909 and this is Low comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7. $957 owners spent in average for the dwelling. Tenants are paying $797 in this district close to MLS® 202405389 and it is Below Average comparing to other cities.

45% of Population in this district near the 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is 13.6%, it is Above Average, % of English speakers only is 86% and Below Average. % of French speakers adjacent to 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE is 0.3% and it is Below Average comparing to other BC cities.

0.5% of all population in the area around this property with the address 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7, Summerside, PE using Public Transport which is Low, 91.7% of using population are using Cars around MLS® 202405389, which is Above Average. 0.7% of people using Bicycles around the 102 622 Water Street, Summerside, Prince Edward Island, C1N4H7 and it is Below Average. 6% of population are walking which is Above Average

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Local Info

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Home Price
Down Payment
Interest Rate
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/month
Principal & Interest
Property Taxes $202
Maintenance fee 0

Listing Price Comparision

This house $1,400,000
Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Agent photor
Dan Marusin
Renanza Realty
877-506-0434
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