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Investment signal

$319,900

341 Notre Dame Street

Beds

—

Baths

—

Sqft

—

Year

1932

Location

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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
Structure: Triplex
Community: Summerside
Common interest: Freehold
Lot size: 0.2
Lot dimensions: 0.2
On market: Nov 21, 2025
Status changed: Apr 14, 2026
Annual tax: $3,796 (2024)
Zoning: Multi-Family
Photos: 36
MLS#: 202528394
Area: SUMMERSIDE

Features and systems

Parking

Parking Space(s)

Basement

Partially finishedFull

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersOilHot WaterFurnace

Exterior

StoneVinyl

Flooring

Vinyl

Foundation

Stone

Community

School Bus

Positive cash flow ~$83/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

1.57%

Cap rate

6.20%

GRM

11.1

Break-even rent

$2,312

Financing

Down payment$63,980

Loan amount$255,920

Mortgage$1,570/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$147

Insurance$80

Maintenance$267

CapEx reserve$133

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: 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.

Lifestyle 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.

Mortgage estimate

Estimated $1,570/mo at 5.49% with 20% down, 25-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 14, 2026.