98 SUMMER ST, SUMMERSIDE C1N3J2

SORRY, THIS PROPERTY IS SOLD

This property was advertised as follows:

$425,000

One of the Top Bed and Breakfasts in the Maritimes and Prince Edward Island is now being offered for sale! Home to two PEI Premiers, this immaculate 7 bed/8 bath 1891 heritage property boasts history, comfort, elegance, and character. Completely renovated since 2012, this 4-star award-winning B&B has won numerous Canada top ten awards (booking.com, TripAdvisor, CottageLife, Trivago). Nestled within a historic district, guests love being only a few blocks to Summerside’s downtown, restaurants, attractions, entertainment, and waterfront as well being only a short drive to PEI’s best attractions. With room revenue alone (May to Oct 2016 more than $75,000), you could live comfortably in your dream home with the ideal job while paying yourself. The layout of the rooms are tailor-made not only for guest comfort and privacy but for the privacy and comfort of the owners. Current owners raised a family of 5 children while running the B&B. The extensive recent renovations ($100,000+) not only include top to bottom cosmetic repairs for guest experience but encompasses significant infrastructure improvements including new insulation, heat pumps, upgraded electrical, new roof (1 year ago), heat pump domestic hot water, new bathrooms, and much more. This prized B&B Inn can be negotiated as a turnkey operation; completely furnished with high quality antiques, linens, amenities, website, and most importantly, reputation. Owners will be available to mentor and help you get set-up for summer 2017. You will never find an equivalent B&B at this price!

For information on other similar properties contact:
Nicolle Morrison



Property Information:

Listing ID#: 201703640
Type: Commercial
Zoning:
# Floors:
Construction: Wood
Heating: Oil
Roofing:
Fire Protection: Hydrant
Parking: Yes
Land: acre(s).36
Area: (sq. ft.)4000
Taxes:$
Age:
Gross Revenue:
Total Expenses: $
Net Income: $


* All financial information given on this site is based on our best knowledge at the time of posting and should not be relied upon when determining cost or affordability of a particular property. You should consult your financial institution before making any undertaking that would be legally binding. All financial postings on this site are based on 5% downpayment. Please note that to purchase real estate with 5% down you will need to be able to obtain mortgage insurance which is not available in all cases. Monthly payments are based on the best posted mortgage rates from a Canadian chartered bank. You will be required to qualify for a mortage. Financial institutions have different means of qualifying you. You should contact your bank to determine if your income qualifies you to purchase the property that you are interested in. Financial information posted here does not take into consideration additional fees that may apply in your situation.


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NICOLLE MORRISON, Century21 Northumberland Realty
Call: 902-436-2265 or Email: nicolle@century21pei.com