Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Macdonald Road
Glenwood, Prince Edward Island
Very nice 0.83 acre lot in a quiet rural area ready for you to build a home or cottage. Close to the beach and only minutes from the Town of O'Leary. (id:50344)
Cable Head West
Cable Head West, Prince Edward Island
Exceptional Oceanfront.! Pristine white sandy beach- Approx 600 ft on shoreline. Walk for miles on this quiet beach stretching down to Greenwich towards the mouth of St Peters Bay . Property has 13 acres -some clear & wooded . a small amount of cattails at the shoreline. Build your private retreat . There is a right of way over the 2 western properties & access from Shore Rd. The right of way will need Government approval . West Cable Head is min away from St Peters offering some shopping & a short drive to world class Golfing at Links at Crowbush Cove Golf course. (id:50344)
Lot 7 New London Road
New Glasgow, Prince Edward Island
Here is you opportunity to build your dream home in the heart of the village of New Glasgow with a great view of Picturesque rolling hills. It is located across the famous Glasgow-Hills Golf Course & Million Dollar homes. Literally drive you golf-cart to the tee-off. (id:50344)
Lot 6 New London Road
New Glasgow, Prince Edward Island
Here is you opportunity to build your dream home in the heart of the village of New Glasgow with a great view of Picturesque rolling hills. It is located across the famous Glasgow-Hills Golf Course & Million Dollar homes. Literally drive you golf-cart to the tee-off. (id:50344)
Lot 10 Hebrides Lane
New London, Prince Edward Island
Waterfront Lot. Here is your opportunity to own possibly one of the best vacant lots left in the Hebrides, that comes with No IRAC requirements for out of province Buyers to deal with. This beautiful lot has a gentle slop to the water where you can step onto a sandy beach with 90 feet of frontage. West facing this wonderful property offers fantastic sunsets as you cap off your day. The Hebrides property owners annual fee of $1200., includes the following: water hookup to the central water system, lot grass cutting, road and common area maintenance, use of heated pool, 9 hole par 3 golf course, recreational club house building(pool table, ping pong, etc), shuffleboard and mini putt all for your enjoyment. This wonderful location puts you only 10 minutes from Cavendish and all its amenities such as Golf Courses, restaurants, fun parks and much more. The Hebrides community has Restrictive Covenants in place to protect your investment. Recent perk test in 2016. Property taxes shown are based on non-resident ownership. Don't miss out on your opportunity!! (id:50344)
Lot 22 - 30 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view]A rare find on PEI, this 30-lot subdivision boasts water views of St Peters Bay from every property. The rolling hills allow every property owner to have a view of the scenic and pristine St Peters Bay. Build your year-round or seasonal home in this exclusive subdivision, which has restrictive covenants to protect your investment. Every lot has been perc tested, surveyed and has access to the trails that run along the subdivision. (id:50344)
Lot 22 - 27 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view]A rare find on PEI, this 30-lot subdivision boasts water views of St Peters Bay from every property. The rolling hills allow every property owner to have a view of the scenic and pristine St Peters Bay. Build your year-round or seasonal home in this exclusive subdivision, which has restrictive covenants to protect your investment. Every lot has been perc tested, surveyed and has access to the trails that run along the subdivision. (id:50344)
Lot 22 - 28 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view] A rare find on PEI, this 30-lot subdivision boasts water views of St Peters Bay from every property. The rolling hills allow every property owner to have a view of the scenic and pristine St Peters Bay. Build your year-round or seasonal home in this exclusive subdivision, which has restrictive covenants to protect your investment. Every lot has been perc tested, surveyed and has access to the trails that run along the subdivision. (id:50344)
Lot 22 - 29 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view] A rare find on PEI, this 30-lot subdivision boasts water views of St Peters Bay from every property. The rolling hills allow every property owner to have a view of the scenic and pristine St Peters Bay. Build your year-round or seasonal home in this exclusive subdivision, which has restrictive covenants to protect your investment. Every lot has been perc tested, surveyed and has access to the trails that run along the subdivision. (id:50344)
Acreage 1 Church Road
Church Road, Prince Edward Island
This unique large lot not only captivates, with its sweeping views and serene ambiance, but also grants access to a renowned fishing area. Surrounded by nature's beauty and waiting for trout, salmon, bass and more while eagles soar above. With ample space for your dream home and the opportunity to create your own peaceful haven on 15 acres, this property promises an unparalleled retreat for those who appreciate both the tranquility of the river and the thrill of legendary fishing. Nestled near the Midgell River, this remarkable property offers the chance to own a piece of river access paradise. Pre-existing electrical service along right of way from road. Please Note: Tax and Assessment values listed are for the entire parcel. Lot to be severed prior to closing at the Vendors expense. Listing agent is related to one of the Vendors. (id:50344)
Acreage 5 Church Road
Church Road, Prince Edward Island
This unique large lot not only captivates, with its sweeping views and serene ambiance, but also grants exclusive access to a renowned fishing area. Imagine casting your line from the comfort of your own 55 acre slice of paradise, surrounded by nature's beauty and waiting for trout, salmon, bass and more while eagles soar above. With ample space for your dream home and the opportunity to create your own peaceful haven, this property promises an unparalleled retreat for those who appreciate both the tranquility of the river and the thrill of legendary fishing. Nestled along the Midgell River, across a private bridge that spans the river, this remarkable property offers the chance to own a piece of riverfront paradise. Pre-existing electrical service along right of way from road. Please Note: Tax and Assessment values listed are for the entire parcel. Lot to be severed prior to closing at the Vendors expense. Listing agent is related to one of the Vendors. (id:50344)
Acreage 3 Church Road
Church Road, Prince Edward Island
This unique large lot not only captivates, with its sweeping views and serene ambiance, but also grants exclusive access to a renowned fishing area. Imagine casting your line from the comfort of your own 11 acre slice of paradise, surrounded by nature's beauty and waiting for trout, salmon, bass and more while eagles soar above. With ample space for your dream home and the opportunity to create your own peaceful haven, this property promises an unparalleled retreat for those who appreciate both the tranquility of the river and the thrill of legendary fishing. Nestled along the Midgell River, this remarkable property offers the chance to own a piece of riverfront paradise. Pre-existing electrical service along right of way from road. Please Note: Tax and Assessment values listed are for the entire parcel. Lot to be severed prior to closing at the Vendors expense. Listing agent is related to one of the Vendors. (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.