The Lofts at 359 Water

At IPAX, we are dedi-cated to providing Is-land individuals, cou-ples and families of every age with beau-tiful and quality liv-ing spaces in accord-ance with their needs. Founded on the tradi-tion of excellence in quality, design, and craftsmanship of Bay-side Builders, our stra-tegic partner, IPAX believes in the great honour it is to build and manage homes. We forge our company to serve our Island as leaders in home build-ing and customer satis-faction. This is our vi-sion and the reason we do what we do.

Welcome to the Lofts at 359.

Looking out over the Summerside harbour, the Lofts at 359 Water represent the new-est trend in city-centre living: an historic Summerside building updated into four upscale condominiums and an office suite, complete with the original hand-hewn timber framework, easygoing downtown lifestyle and spectacular waterviews.

Location: 359 Water St, Summerside, PE, Canada

Style: An original Summerside building conserved and repurposed into 5 upscale units ranging from 1,444 to 2,161 sq. ft. in modern seacoast flair.

Features: Each unit is designed to feel open, bright and airy while maintaining all the comforts of the place you call home. All Lofts are built to maximize your views of warm sunrises and gorgeous harbour sunsets with their abundant East- and West-facing windows. Units have 2-3 entrances with indoor access to a shared ga-rage. Kitchens are built to entertain. Each has been custom-designed to maximize counter space, storage and room to prepare and serve. All bathrooms are conveni-ently equipped with comfort-height toilets and some with twin sinks, showers and/or separate claw-foot tubs. Lofts are controlled with air-to-air heat pumps and air conditioning.

Amenities: The Lofts mean comfort and convenience. Dining, banking and bou-tique shopping are all within walking distance. The Confederation walking and biking trail runs through the Lofts’ back yard, connecting to a waterfront board-walk. Two malls, a health center, a hospital and a state of the art stadium, pool and fitness centre are just over 5-minutes by car. All Lofts are intended to be individu-ally owned as condominiums with common space owned, shared and governed by homowners themselves.I PAX

PROPERTY DEVELOPMENT & MANAGEMENT

359 Water St

SOLD

SOLD

$10,000 furniturepackage included

SOLD

$10,000 furniturepackage included

Scott Brown(902)436-1300(902)888-7755

scott@baysidegroup.ca

Apartment Rental Condo HouseAnticipated Ownership Ownership1500 sq. ft. 1500 sq. ft. 1500 sq. ft.

Expenses Expenses Expenses$1,900.00 $279,900.00 $279,900.00

Included in rent $2,845.65 $2,845.65Included in rent In Condo Fee $2,000.00Included in rent $2,400.00 $4,000.00Included in rent In Condo Fee $600.00Included in rent In Condo Fee $800.00

Security Fees & Sprinklers Monitoring Included in rent In Condo Fee $400.00Water & Sewer Included in rent $432.00 $432.00Property Management Included in rent In Condo Fee by owner

Included in rent In Condo Fee by ownerIncluded in rent In Condo Fee N/A

Internet , phone, cable or satelite Included in rent $1,200.00 $1,200.00$12,277.65

$2,640.00-$396.00

Rent with power and lights included $22,800.00$22,800.00 $9,517.65 $12,277.65

in your own building. Condo life offers a relaxed and clean environment to help make your home attractive andinviting.

Comparison Chart - Why own a Condo?Operating Expenses

major home repairs. A professional manangement company is in place to handle the cleaning and maintaining ofcommon areas.

This is a whole new way of living, allowing you ownership along with freedom to live life at it's fullest. Most Condosoffer amenities that help promote health, fitness and security. They help you have a community right

There are many added benefits to owning a condominium vs owning an individual home. Most Condominium owners would agree that perhaps the greatest benefit of owning a condo, other thanthe financial investment, is being able to experience the freedom to go away as long as you want andknow your home is secure, the building is maintained and lawns are being cut. Gone are the worries of

These areas are for the shared use for all the owners. When you buy a condominium, you accept all threelevels of ownership; title insurance, a deed and real estate property taxes. A homeowners' association is formed to oversee the corporation's business, and bylaws are established to govern the safety, securityand welfare of all residents in your development.

Total Projected Operating Expenses

Condominium refers to the method of ownership, not the type of building. In a condominium, you ownthe interior space of your home. You and all the other homewners in your condominium community jointlyown all the physical and mechanical structures, from the hallways and elevator and the outside grounds.

Sub Total Condo Fees at $220 per Month*15% Condo Fee Retainer for Reserve Fund

What is a Condominium?

* Condo Fees estimated @ $0.15 per sq.ft/month, or $1.80 per sq.ft. per year

Renting vs. condo and home onership

Common Area CleaningCommon Area Electric Fees

Purchase Price Property Taxes estimatedMaintenance and Major RepairsHeat, lights, power and hotwater (estimate)Content Insurance by tenant or condo ownerSnow Removal, Landscaping, Grass

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

Loft 1 Floorplan*

* Floor plan may be dif-ferent from shown.

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

Loft 2 Floorplan*

*Furniture not included in purchase price. Floor plan may be different from shown.

SOLD

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

Loft 3 Floorplan*

*Furniture not included in purchase price. Floor plan may be different from shown.

SOLD

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

Loft 4 Floorplan*

*Floor plan may be different from shown.

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

Loft 5 Floorplan*

*Furniture not included in purchase price. Floor plan may be different from shown.

SOLD

359 Water St

359 Water St.A fresh Summerside Lifestyle...

I PAXPROPERTY DEVELOPMENT & MANAGEMENT

www.359Water.com

1-902-724-7755Info@rentsummerside.com