The Boardwalk Inn
Summerside, PE
Offered for sale at 899,900 CAD
Experience true Island hospitality and elegance at The Boardwalk Inn, a charming historical landmark nestled in downtown Summerside, Prince Edward Island. Originally constructed in 1916 by Island business icon M.F. Schurman, this well-built 3.5 level residence boasts a rich legacy of sophistication. With a distinguished 4.5-star rating from Canada Select and a stellar reputation in Summerside's B&B scene, The Boardwalk Inn sits on Summer Street, just steps away from the waterfront and the renowned Baywalk Boardwalk and Cycling Trail, offering guests the perfect central base for exploring PEI. Pride of ownership shines through every aspect of The Boardwalk Inn, from its impeccable cleanliness to its tasteful decoration and furnishings. Renovated extensively in recent years, the inn offers five guest rooms, plus a owner's suite, each featuring new ensuite bathrooms on the 2nd & 3rd levels accessed via an elegant wooden staircase. Guests are treated to a chef's dream kitchen where breakfast is prepared, while the spacious dining room opens onto a terrace and beautifully landscaped private outdoor spaces, ideal for entertaining. An elegant lounge with an impressive fireplace and a welcoming porch complete the picture of relaxation and comfort. The lower level features a gym, pool table room, laundry facilities, cold storage, and ample storage, ensuring a seamless operation for running a successful B&B business. Ample parking for seven vehicles, including secure garage space for bikes & storage. The property includes a double-car wired garage with room for expansion, with blueprints available for adding 4 independent rental units, presenting an enticing opportunity for growth. With strong bookings already secured for 2024 & additional opportunities for winter room rentals. The Boardwalk Inn is a turn-key business waiting for its next owner to capitalize on its potential. Visit www.theboardwalkinnsummerside.com to learn more & read the 5-star reviews. Financials Available
Property Details- 6 Guest Rooms
- 7 Guest Room Baths
- Has Owner's Quarters
- Built in 1916
- Last Renovated in 2022
- Opened in 2020
- Building is 4,500 SQFT
- Lot is 0.47 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at 899,900 CAD
- Occupancy Rate: 98%
- Average Daily Rate: 225.00
- Annual revenue is 75,000 CAD
- Terms: Operated only May-Oct currently. Market for Winter Rentals as Hospital with Travelling Nurses/Doctors & Other professionals
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