Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Lot # 3 Michaels Lane
Orwell Cove, Prince Edward Island
Gorgeous 1.5 Acre Panoramic WATERVIEW lot with views on 3 sides , in a small Private Development with year round access only 25 mins to the Capitol City of Charlottetown. Within 5 mins to "Coopers Country Store " with Groceries, Gas & Spirits. Within 10 mins of 2 Golf Courses and a short distance to south shore Beaches. Lot has Covenants to protect your investment & is perc tested Category 1 for Septic. Annual cost for road maintenance & snow removal is $300. Lot is Surveyed & Pinned . HST over & above purchase price. Note: Utilities and services are available but Not included. (id:50344)
Lot 151 Fairdale Drive
Charlottetown, Prince Edward Island
Fantastic, approved 6 unit building lot located in Montgomery Heights community, the largest subdivision in East Royalty, Charlottetown. Lot has one water & sewer hookup. Located just minutes to school, hospitals, shopping and downtown Charlottetown. Restricted covenants in place to protect your investment. Build the investment property of your dreams. (id:50344)
Gaspereaux
Gaspereau, Prince Edward Island
(VIDEO - Click on the Multi-Media Link) Discover your dream beach house location on this 4-acre oceanfront property in Prince Edward Island. With 600 feet of private oceanfront, this property offers stunning views of the ocean and a picturesque lighthouse. Wake up to soothing waves and enjoy sunset vistas over the Atlantic from your private deck. Ideal for a serene retreat or building your dream home, this secluded spot promises space and privacy. It's an exceptional chance to own a piece of coastal paradise with room for expansive homes and lush gardens. Experience the pinnacle of coastal living ? don't miss out, view and make an offer on this breathtaking property today. (id:50344)
Sherri Court
Birch Hill, Prince Edward Island
Here is a forested summer paradise building lot. Awaiting the next owner in this new subdivision located in Birch Hill , PEI Canada. in Sherri Court a cottage area just walking distance to Malpeque Bay. The bay is so tranquil it has three Provincial Parks situated along its waters edge having your very own lot here would be a dream for many. This lot is situated inland therefore it has and provides its own natural protection from stormy seas while providing quick and easy access to warm waters of Malpeque Bay and the sand hills. This land is surveyed at 100x265 and approved for your dream cottage and enjoy the beauty of Prince Edward Island! (id:50344)
Lot 4 Hill Heights Crescent
Long Creek, Prince Edward Island
Large country lot on Hill Heights Crescent available. Nestled in the Bluefield school district atop rolling agriculture rich hills, this quiet 0.92 acre lot offers so much room to build yourself a forever home. The water views of the West and Clyde river and the Northumberland Strait are truly breathtaking! Located in this well established community minutes from Cornwall and 20 minutes from Charlottetown, you will not be disappointed by the quiet rural living you will experience here. Canoe Cove beach, boasting the warm waters of the south shore and four great golf courses are available nearby for your summertime pleasure. This is the property for you! Covenants in place to protect your investment! (id:50344)
Lot 3 Hill Heights Crescent
Long Creek, Prince Edward Island
Large country lot on Hill Heights Crescent available. Nestled in the Bluefield school district atop rolling agriculture rich hills, this quiet 0.68 acre lot offers so much room to build yourself a forever home. The water views of the West and Clyde river and the Northumberland Strait are truly breathtaking! Located in this well established community minutes from Cornwall and 20 minutes from Charlottetown, you will not be disappointed by the quiet rural living you will experience here. Canoe Cove beach, boasting the warm waters of the South shore and four great golf courses are available nearby for your summertime pleasure. This is the property for you! Covenants in place to protect your investment! (id:50344)
Lot 2 Hill Heights Crescent
Long Creek, Prince Edward Island
Large country lot on Hill Heights Crescent available. Nestled in the Bluefield school district atop rolling agriculture rich hills, this quiet 0.8 acre lot offers so much room to build yourself a forever home. The water views of the West and Clyde river and the Northumberland Strait are truly breathtaking! Located in this well established community minutes from Cornwall and 20 minutes from Charlottetown, you will not be disappointed by the quiet rural living you will experience here. Canoe Cove beach, boasting the warm waters of the south shore and four great golf courses are available nearby for your summertime pleasure. This is the property for you! Covenants in place to protect your investment! (id:50344)
586 Ellerslie Road
Ellerslie-Bideford, Prince Edward Island
Attention Cattle Growers. With the demand for beef exporting from PEI a prime location for to grow quality beef would be here at this large acerage. It was used for many years for this very purpose. The land is 33 acres of cleared land with good grazing now available at 586 Ellerslie Rd. Ellerslie-Bideford. Land has a driveway in place with year round access off Ellerslie Rd. (id:50344)
Lot 4 Seafield Lane
St. Peter's Harbour, Prince Edward Island
Corner lot in the popular Seafield Lane subdivision in St. Peter's Harbour. Minutes away from the village of Morell, Greenwich National Park, the Links at Crowbush Cove, Confederation Trail, Red Head Harbour and the Morell River. This is the perfect location for your cottage or year round home. (id:50344)
Tbd Selkirk Road
Selkirk Road, Prince Edward Island
Take a look at this 10 acre treed lot a short drive from Souris or the North Shore with access to the Selkirk road at the front of the property. Great location to put up your dream home or cabin. (id:50344)
Lot 6 Settler's Ridge Road
Stanley Bridge, Prince Edward Island
Discover an enchanting 0.57 acre lot tucked away in the serene surroundings of Stanley Bridge. This beautiful lot boasts lush greenery and seclusion, providing a haven amidst a majestic peaceful setting surrounded by nature. With near access to the river, it presents an idyllic setting for multiple water activities! Immerse yourself in breathtaking views and Embrace the opportunity to craft your dream home on this remarkable lot, where endless possibilities await. (id:50344)
Lot 20-9 Bernard Avenue
Summerside, Prince Edward Island
If you?re looking for that perfect lot to build your dream home on, this could be the one for you! This .29 acre corner lot located in Water-view heights is sure to check off many of your wants and needs in a building lot. Level, cleared, great neighbourhood, walking distance to the french school/ daycare and just a few minute drive to other schools and some of Summerside?s great amenities! Covenants and restrictions do apply to protect your investment! Water-view heights is an expansion off of ?Gavin Estates? one of Summerside?s most sought after neighbourhoods! With many new builds already completed, you could be next! (id:50344)
Vacant Land and Lots for Sale in PEI: A Comprehensive Guide
Nestled in the Gulf of St. Lawrence, Prince Edward Island (PEI) is renowned for its picturesque landscapes, coastal beauty, and fertile soils. For those looking into the real estate market, especially in the category “Lands and Lots for Sale in PEI”, there’s an array of options available. However, understanding the types of land and lots for sale in PEI and the regulations surrounding their purchase is essential.
PEI vacant land and lots for sale are divided into several categories. These include:
Bare Acreage
This refers to the vast stretches of land which can be treed, partially treed, or completely cleared. Typically found in outlying regions, these don’t have any services.
Waterfront Lands or Lots
Encompassing a wide spectrum, these can range from large tracts without any services to developed plots in subdivisions like Granville on the Water or Sunset Dunes.
City Subdivisions
Think of places like Starlite Estates, where lots are fully serviced, with paved roads, curbs, and sometimes even sidewalks.
Standalone Lots
These are scattered in or around urban regions. Their closeness to cities makes them less expensive to service than bare acreage. These can be small acreages with or without services.
Cottage Lot Subdivisions
Primarily rural, these lots are designed for up to three seasons of habitation. They don’t usually have paved roads, and the winter season sees them not cleared.
Beyond these categories, it’s also important to determine the land’s purpose – residential, recreational, or agricultural?
Regulations with PEI Land Ownership
PEI has a distinct set of rules under the Island Regulatory & Appeals Commission (IRAC) dictating how much land or shorefront an entity can own.
In the infancy of PEI’s history, the province was divided into sixty-seven 20,000-acre lots. Interestingly, these Lands and lots were given to a select group of absentee proprietors before any real settlement occurred. Over the centuries, the land gradually returned to local hands as it was bought from these non-local landlords.
Fast forward to the 1960s, when the spectre of absentee ownership of PEI lands and lots once again loomed large. Non-residents, sensing the potential of PEI real estate, started investing heavily, leading to significant portions of coastal areas slipping out of local control. This was addressed in 1972 with amendments to the Real Property Act, which put restrictions on Lands and lots for sale in PEI from being purchased by non-residents.
However, it was an application in 1981 by a non-resident corporation to buy 6,000 acres that truly shook the public conscience. There were fears of one entity dominating PEI’s agricultural industry. The result? The introduction of the Lands Protection Act in 1982.
Key Points to Consider for Prospective Buyers of lands and lots for sale in PEI
Application Requirement
Non-resident entities must apply if they:
- Intend to own land in excess of 5 acres, or
- Plan to have shore frontage surpassing 165 feet.
Approval Conditions
Government might sanction the land purchase with stipulations such as limited subdivision rights, land identification for non-development, and mandated residential status within a timeframe.
Denial Reasons
Applications can be turned down for various reasons, including non-resident control over a large acreage, surpassing the Act’s limits, speculation motives, and more.
Land Holding Limits
An individual can own up to 1,000 acres, while corporations have a cap of 3,000 acres. cabinet must approve non-resident purchases of two hectares (five acres) or more, and land with more than 165 feet of shore frontage.
Application Time
On average, the application processing takes 3-4 weeks, but complex cases might take longer.
Application Essentials
Applicants wishing to purchase lands and lots for sale in PEI must provide a detailed form, relevant maps, legal descriptions, advertising details if applicable, a submission relating to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, and a relevant fee.
Moreover, recent federal laws restrict land purchases in Canada by foreign entities. It’s advisable to consult with your Century21 Realtor for further details.
The allure of purchasing vacant land and lots in PEI is undeniable. However, prospective buyers must be well-versed with the nuances of PEI’s real estate landscape to make informed decisions. Whether it’s a serene waterfront lot or a standalone plot near the city, PEI promises a piece of land that’s perfect for every dream.
PEI has always placed controls on how much land any one person or corporation can own. Find out the “nitty-gritty” from Michael Poczynek
Canada has passed a law prohibiting non-resident buyers from purchasing homes for at least the next 2 years.