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Investment signal

$379,000

24 Starlite

Save this home

Beds

Baths

Sqft

—

Year

2024

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Summerside. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Being Sold as Investment Property with long-term tenants. Beautiful 2 year old 3 bedroom, 2 bath with large 2 car garage. Beautiful open concept Livingroom and kitchen with Stainless Steel kitchen appliances. Large ensuite bath off Master Bedroom. Duplex located in a new expanding neighborhood in the east end of Summerside. Walking distance to Confederation Trail. Just mins away from downtown Summerside and 15 Minutes to Confederation Bridge. This Property can be purchased with 2 other units 22 and 26 Starlite if looking for large investment .Photos are facsimiles and may be similar but may be subject to minor changes and at anytime with 48 hrs notice can do walk through. (id:65958)

Subtype: Single Family
Structure: House
Community: Summerside
Common interest: Freehold
Lot size: 0.1 acres
Lot dimensions: 0.1
Bedrooms: 3 above grade, 0 below grade
On market: Apr 26, 2026
Status changed: Apr 26, 2026
Photos: 23
MLS#: 202608632
Area: SUMMERSIDE

Features and systems

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave Range Hood Combo

Heating

Baseboard heatersElectricWall Mounted Heat Pump

Exterior

Vinyl

Flooring

TileLaminate

Positive cash flow ~$16/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

0.26%

Cap rate

4.92%

GRM

13.2

Break-even rent

$2,383

Financing

Down payment$75,800

Loan amount$303,200

Mortgage$1,536/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$174

Insurance$80

Maintenance$316

CapEx reserve$158

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,536/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.