115 BAYVIEW DR, SUMMERSIDE C1N5E3

$499,900

Prince Edward Island Motel, Campground, and additional development land for sale in prime location. The additional land that is available with this fine establishment has been preliminarily approved for seven residential buildings lots. However, best use may be for the expansion of the motel and campground, mini-home rental pad sites, retail, apartments, duplexes, row-housing, or semi-commercial; all subject to the City of Summerside approval. The motel currently contains 11 kitchen equipped units available for daily, weekly, or monthly (off season) rental, one overnight equipped office, a mobile home, and 10 campground sites (all fully rented). There may potentially be space for additional campground spots on the parent parcel. The location is superlative and walking distance to the Summerside Golf Course, and a short drive to all the amenities of Summerside including Wal-Mart, Shopping Centres, The Credit Union Sports Complex, Hospital, Medical Centres, local beaches, Summerside Waterfront Boardwalk, Confederation Trail, Waterfront Mall, Holland College, Slemon Park (Ex-military base and private airport), two dairy bars, and downtown. There is also a convenience store with a coin operated laundry matt across the street.

For further information contact:
Nicolle Morrison



Property Information:

Listing ID#: 201714894
Type:
Zoning:
# Floors:
Construction:
Heating:
Roofing:
Fire Protection:
Parking:
Land: acre(s)3.22
Area: (sq. ft.)
Taxes:$ 3508
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