161 Hanover Street

Summerside · MLS® 202612818

1,000 sq ft · House · Single Family · built 1954 · 145 days on market

listed by Jeff Mackay, RE/MAX CHARLOTTETOWN REALTY

realtor's description

Investment Opportunity! This 2 bedroom home is situated in the heart of Summerside and all the amenities the city has to offer. This home has potential for a first time home buyer or those that are looking for an investment property as it's currently being used as a rental property with paying tenants and is generating a good monthly revenue. Whether you're looking as an investment with guaranteed income or looking for a great first home, this is the home for you.

property details

type: House, Single Family
bedrooms: 2
bathrooms: 1
living area: 1,000 sq ft
parking: 0
year built: 1954
property tax: $1,709 / yr
days on market: 145
MLS®: 202612818

features

Paved driveway
Level
Single Driveway
School Bus
Recreational Facilities
Washer

monthly cost

$922/mo

Mortgage $780 · Tax $142

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$780/ monthly

loan $143,200

25-year amortization

down payment20% · $35,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $90,766
cash to close: $35,800; down payment; transfer tax and fees not included
total paid: $233,966

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.