$319,900
341 Notre Dame Street
Beds
—
Baths
—
Sqft
—
Year
1932
About this home
If you have been thinking about getting into real estate investing or adding to your portfolio this fully rented triplex is a solid choice! With one 1-bedroom unit and two 2-bedroom units it is already home to great tenants who love the place meaning you can step right in and start collecting rent hassle-free. Location? Can?t beat it! Nestled right in the heart of Summerside this property is just minutes from everything?shopping, restaurants schools churches legion Credit Union Place 7 km waterfront boardwalk and all the city?s amenities. Whether your tenants are commuters or simply enjoy the walkable lifestyle they will love the location! Built with Island stone and durable vinyl siding giving it that sturdy low-maintenance appeal?less upkeep for you! Plus there is even a shed out back for extra storage for the tenants. Bottom line? This is a great investment that?s already working for you. Don?t wait too long. Opportunities like this don?t stick around! 8% Cap rate!! (id:65958)
- Subtype
- Multi-family
- Lot size
- 0.2
- MLS#
- 202528394
- Area
- SUMMERSIDE
Cash on cash
1.57%
Cap rate
6.20%
GRM
11.1
Break-even rent
$2,312
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.