LOT 24-2 READ Drive

Summerside · MLS® 202526350

1 sq ft lot · Land · Vacant Land · 367 days on market

listed by Paul Llewellyn, EXIT Realty PEI

realtor's description

Large parcel of land at Reads corner Summerside. Currently zoned R4. Approved for 60 units, this land is on one of Summerside's main thoroughfares. Land can be rezoned as C2 if required by the purchaser. Lot is subject to HST. All measurements are approximate and should be verified by purchaser if deemed necessary. Please note: Tax and Assessment values are to be determined.

property details

type: Land, Vacant Land
lot: 1 sq ft
parking: 0
days on market: 367
MLS®: 202526350

monthly cost

$3,486/mo

Mortgage $3,486

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$3,486/ monthly

loan $640,000

25-year amortization

down payment20% · $160,00020%+ 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: $405,657
cash to close: $160,000; down payment; transfer tax and fees not included
total paid: $1,045,657

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