162 Hanover Street

Summerside · MLS® 202612189

Condo · Multi-family · built 1963 · 151 days on market

listed by Jeff Rodgerson, ROYAL LEPAGE COUNTRY ESTATES 1985 LTD

realtor's description

Fully tenanted 9 unit apartment building in the heart of Summerside, PEI. This building has seen many updates over the years, both inside and out. Newer siding, interior of some units, and a portion of the roof replaced in the last couple of years. The building consists of 9 spacious 1 bedroom apartments, coin laundry, and located on a quiet street. Nice property as an expansion to your portfolio or a first time investor in multi-residential!

property details

type: Condo, Multi-family
parking: 0
year built: 1963
property tax: $6,844 / yr
days on market: 151
MLS®: 202612189

features

School Bus
Washer
Oven
Dryer

monthly cost

$4,492/mo

Mortgage $3,921 · Tax $570

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

estimated payment

$3,921/ monthly

loan $720,000

25-year amortization

down payment20% · $180,00020%+ 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: $456,364
cash to close: $180,000; down payment; transfer tax and fees not included
total paid: $1,176,364

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