Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Lot 5 Ronnies Lane
Johnstons River, Prince Edward Island
Introducing an exceptional opportunity to acquire a prime piece of land, nestled in picturesque Johnsons River With a generous 1.02 acres, this spacious plot offers endless possibilities for builders, families, and working professionals seeking the perfect balance of rural living and modern conveniences. Discover the benefits of this family-friendly neighbourhood, where you can create the ideal living environment for your loved ones. Enjoy peace and tranquillity, surrounded by natural beauty, while still being just 15 minutes from Charlottetown and 5 minutes to the thriving community of Stratford. Rest assured knowing that all lots have been PERC Tested Category 1, ensuring a high standard of construction and environmental sustainability. To further safeguard your investment, covenants are in place to maintain the area's pristine reputation and enhance the value of your property for years to come. Don't miss this unique chance to build your dream home in an idyllic rural setting, with all the amenities of town just a short drive away. Act now and embrace the best of both worlds! (id:50344)
Lot 344 244 Cahoons Wharf Road
Alma, Prince Edward Island
Attention mariners and boating enthusiasts alike. This parcel offers a water front lot off Cahoons Wharf Road approximately 1.75 acres in size, with approximately 185 ft of water frontage on to a beautiful salt water inlet offering access to Murray River and the Northumberland straight. Options for access could be off Point Pleasant Rd, or Cahoons Wharf rd. This is a great opportunity for developing a seasonal or year round property with amazing water access. All measurement approximately and to be verified at times sale by purchasers if deemed necessary. (id:50344)
Acreage New Argyle Road
New Argyle, Prince Edward Island
Strait view acreage for sale. Land being sold as an acreage with hobby farm potential. With approximately 28+/-Acres of excellent arable soil, and 22+/-Acres of soft/hardwood mature forest, you have a blank canvas to create your new house and barn. Right on top of the hill overlooking the not so distance Northumberland Strait, this is a horse lovers dream! The perfect homesteading opportunity close to one of the finest beaches in PEI. (id:50344)
Lot Clyde River Road
Clyde River, Prince Edward Island
Located in picturesque Clyde River with panoramic River views. This lot is located only minutes from Cornwall and only 20 minutes from Charlottetown, enjoy the benefits of living outside of the city limits. Dream up your perfect home and enjoy having the house of your dreams for you and your family. Restrictive Covenants in place to protect your investment, a single lifetime membership goes with the property to Clyde Rive Golf Club. Lot is Cat 2, newly pinned and surveyed. (id:50344)
Acreage Rte 17 Gaspereaux
Gaspereau, Prince Edward Island
54 Acres. Easily accessable off Rte 17. (id:50344)
Souris
Souris, Prince Edward Island
Stunning oceanfront property in beautiful Souris PEI. Just over 5 acres of land makes this the perfect spot to build your dream home or cottage. Please note that this property will only be sold with adjacent property PID# 102137 as a package. (id:50344)
Lot 5 Ralph's Lane
Cable Head East, Prince Edward Island
Located, just a short walk from one the finest beaches that can be found on the planet, is this affordable, ocean-view building lot that is ideal for your dream year-round or seasonal home. Many people describe this area as where heaven meets earth and refer to it as Cape Cod North. If you are looking for beauty, safety, sweet, clean, fresh air and gorgeous beaches, this is the area. In uncertain financial times, real estate is one of the safest investments and best of all, while it is appreciating in value, you and your family can enjoy your real estate investment. Only a few short steps away to these gorgeous white sand beaches are the public accesses via Captains Lane and Skunkhouse Lane. With severe storms being more of a concern, one can enjoy the peace of mind and enjoy the ocean and not have a home right on the ocean, Again, this protects your real estate investment while you and your family embrace one of the most majestic locations that this province has to offer. (id:50344)
Lot 3 Ralph's Lane
Cable Head East, Prince Edward Island
Located, just a short walk from one the finest beaches that can be found on the planet, is this affordable, ocean-view building lot that is ideal for your dream year-round or seasonal home. Many people describe this area as where heaven meets earth and refer to it as Cape Cod North. If you are looking for beauty, safety, sweet, clean, fresh air and gorgeous beaches, this is the area. In uncertain financial times, real estate is one of the safest investments and best of all, while it is appreciating in value, you and your family can enjoy your real estate investment. Only a few short steps away to these gorgeous white sand beaches are the public accesses via Captains Lane and Skunkhouse Lane. With severe storms being more of a concern, one can enjoy the peace of mind and enjoy the ocean and not have a home right on the ocean, Again, this protects your real estate investment while you and your family embrace one of the most majestic locations that this province has to offer. (id:50344)
Lot 4 Ralph's Lane
Cable Head East, Prince Edward Island
Located, just a short walk from one the finest beaches that can be found on the planet, is this affordable, ocean-view building lot that is ideal for your dream year-round or seasonal home. Many people describe this area as where heaven meets earth and refer to it as Cape Cod North. If you are looking for beauty, safety, sweet, clean, fresh air and gorgeous beaches, this is the area. In uncertain financial times, real estate is one of the safest investments and best of all, while it is appreciating in value, you and your family can enjoy your real estate investment. Only a few short steps away to these gorgeous white sand beaches are the public accesses via Captains Lane and Skunkhouse Lane. With severe storms being more of a concern, one can enjoy the peace of mind and enjoy the ocean and not have a home right on the ocean, Again, this protects your real estate investment while you and your family embrace one of the most majestic locations that this province has to offer. (id:50344)
114 Dickie Road
Borden-Carleton, Prince Edward Island
This fully serviced building lot is just minutes from the Gateway Village and the confederation bridge. It is located on a well-established residential street and backs directly onto the Confederation trail. Neighboring properties are well manicured and maintained. The lot is level and cleared and it?s ready for home Construction. The beautiful mature trees that boarder the land ads a little extra privacy. Lot size is roughly 2/3 of an acre and includes a solid 16? x 20? storage or workshop at the back of the lot. This location is designated as R1 and is being sold ?as is?. (id:50344)
Centerline Road
St. Lawrence, Prince Edward Island
Five acres of forested land located on the western side of Centerline Road on Route 151. Land is surveyed and pinned. It is within a 10 minute drive to Howards Cove Harbor and Miminegash Harbor, Cedar Dunes Park, and Jacque Cartier Park, as well as other sandy beaches and golf courses, local restaurants, and other amenities close by. Confederation bridge is approximately 50 minutes and Charlottetown is 90 minutes. (id:50344)
Wharf Road
Long River, Prince Edward Island
Large cleared property situated in a tranquil peaceful area, with great opportunity for sub-division or building your dream home or small farm. Overlooking the Southwest River, an extension of the Long River. Very peaceful and picturesque waterway. The river can be followed all the way to New London Bay and is a great haven for boaters and kayakers. The Southwest River is a designated for recreation only, no traps or nets to impede your boating pleasure. (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.