Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Lot 22-2 Park Corner
Park Corner, Prince Edward Island
Rare find! Oceanfront lots in Beautiful Park Corner. 4 lots offered at various sizes. (id:50344)
15-7 Fortune Bridge
Fortune, Prince Edward Island
Welcome to your slice of paradise nestled in the breathtaking scenery of Fortune Bay. This pristine building lot offers an ideal opportunity to craft your dream escape amidst nature's finest offerings. Prime Location: Situated in close proximity to an array of summer activities, including boating, fishing, and swimming. Recreational Pleasures: Enjoy the convenience of nearby Paddle Boat and kayak rentals, perfect for exploring the tranquil waters. Generous Size: These spacious 1-acre lots provide ample space for crafting your ideal retreat Category 1 Perc Test: Ensuring optimal soil conditions, these lots are pre-approved for septic system installation, simplifying your building process. Why Choose Fortune Bay? Nature's Playground: Embrace the natural beauty surrounding your future home. Stunning landscapes and serene waters await exploration. Ideal for Recreation: Whether you seek adventurous water sports or tranquil moments by the shore, this location caters to every lifestyle. Convenience Meets Serenity: Enjoy the tranquility of a secluded haven while still being conveniently close to recreational amenities. Act Now! Opportunities like this are rare. Seize the chance to build your dream haven in Fortune Bay today! Reach out to schedule a visit and embark on your journey towards a life of scenic tranquility. For further details or to schedule a viewing, call now! Your future sanctuary awaits your touch. (id:50344)
15-4 Fortune Bridge
Fortune, Prince Edward Island
Welcome to your slice of paradise nestled in the breathtaking scenery of Fortune Bay. This pristine building lot offers an ideal opportunity to craft your dream escape amidst nature's finest offerings. Prime Location: Situated in close proximity to an array of summer activities, including boating, fishing, and swimming. Recreational Pleasures: Enjoy the convenience of nearby Paddle Boat and kayak rentals, perfect for exploring the tranquil waters. Generous Size: These spacious 1-acre lots provide ample space for crafting your ideal retreat Category 1 Perc Test: Ensuring optimal soil conditions, these lots are pre approved for septic system installation, simplifying your building process. Why Choose Fortune Bay? Nature's Playground: Embrace the natural beauty surrounding your future home. Stunning landscapes and serene waters await exploration. Ideal for Recreation: Whether you seek adventurous water sports or tranquil moments by the shore, this location caters to every lifestyle. Convenience Meets Serenity: Enjoy the tranquility of a secluded haven while still being conveniently close to recreational amenities. Act Now! Opportunities like this are rare. Seize the chance to build your dream haven in Fortune Bay today! Reach out to schedule a visit and embark on your journey towards a life of scenic tranquility. For further details or to schedule a viewing, call now! Your future sanctuary awaits your touch. (id:50344)
15-5 Fortune Bridge
Fortune, Prince Edward Island
Welcome to your slice of paradise nestled in the breathtaking scenery of Fortune Bay. This pristine building lot offers an ideal opportunity to craft your dream escape amidst nature's finest offerings. Prime Location: Situated in close proximity to an array of summer activities, including boating, fishing, and swimming. Recreational Pleasures: Enjoy the convenience of nearby Paddle Boat and kayak rentals, perfect for exploring the tranquil waters. Generous Size: These spacious 1-acre lots provide ample space for crafting your ideal retreat Category 1 Perc Test: Ensuring optimal soil conditions, these lots are pre approved for septic system installation, simplifying your building process. Why Choose Fortune Bay? Nature's Playground: Embrace the natural beauty surrounding your future home. Stunning landscapes and serene waters await exploration. Ideal for Recreation: Whether you seek adventurous water sports or tranquil moments by the shore, this location caters to every lifestyle. Convenience Meets Serenity: Enjoy the tranquility of a secluded haven while still being conveniently close to recreational amenities. Act Now! Opportunities like this are rare. Seize the chance to build your dream haven in Fortune Bay today! Reach out to schedule a visit and embark on your journey towards a life of scenic tranquility. For further details or to schedule a viewing, call now! Your future sanctuary awaits your touch. (id:50344)
15-3 Fortune Bridge
Fortune, Prince Edward Island
Building Lot in scenic Fortune Bay: Located close to summer activities such as boating, fishing, swimming as well as Paddle Boat and kayak rentals. These lots are 1 acre and are perc tested at category 1! (id:50344)
3a Park Corner
Park Corner, Prince Edward Island
Rare find! Oceanfront lots in Beautiful Park Corner. 4 lots offered at various sizes. (id:50344)
Lot 22-1 Park Corner
Park Corner, Prince Edward Island
Rare find! Oceanfront lots in Beautiful Park Corner. 4 lots offered at various sizes. (id:50344)
Lot 5 Alexander Drive
Clyde River, Prince Edward Island
Introducing a remarkable opportunity to own a stunning waterfront property in the highly sought-after area of Dunedin Estates in Clyde River. This West River waterfront property boasts a remarkable location, offering breathtaking views and a serene environment that will truly captivate you. With the lot size being .9 of an acre, this property provides ample space for you to build your dream waterfront home. The generous lot size allows for endless possibilities. With such a sizable parcel, you'll have the freedom to design and customize your property to perfectly suit your preferences and lifestyle. To safeguard your investment and maintain the area's aesthetic appeal, restrictive covenants are in place. These covenants serve to protect the value of your property and maintain the high standards of the community. By adhering to these guidelines, you can be assured that the natural beauty of the surroundings will be preserved for generations to come. One of the standout features of this property is the availability of communal water. This ensures a reliable water source, allowing you to fully embrace the waterfront lifestyle without worrying about access to fresh water. Imagine waking up to picturesque views of the West River, spending your days exploring the river by boat or kayak, or relishing in the tranquility of nature. Enjoy evenings by the water's edge, basking in the golden glow of the sunset as it casts its warm views across the horizon. This West River waterfront property offers an exceptional opportunity to embrace a lifestyle that combines the joys of waterfront living with the convenience of a sought-after location. Create memories that will last a lifetime in this enchanting setting. Don't miss your chance to own this extraordinary property. (id:50344)
15 East Royalty Road
Charlottetown, Prince Edward Island
An amazing single-family CORNER LOT, in the community of Montgomery Heights. Located a few minutes from schools, shopping centers, and downtown Charlottetown. Restrictive covenants are in place to protect your investment. (id:50344)
Eastern Road Rte 6
Grand Tracadie, Prince Edward Island
Just a short walk to the white sandy beaches at Dalvay National Park or enjoy walking/xcountry skiing or snowshoeing the wooded trail system across the road owned by the National Park. The property boarders an organic farm and has a natural stream flowing though it. Check the link to the virtual tour https://www.youtube.com/watch?v=l2Z-bntyiMo. (id:50344)
Fortune Road
Fortune Bridge, Prince Edward Island
Looking for a large lot to build on in beautiful Fortune Bridge? Here it is! Property has 2 access points from Route #332 and has a natural divide of a bubbling stream. A rare opportunity in this desired area- close to wharves, beaches and the famous Inn at Bay Fortune. (id:50344)
Lot 1 545 St.andrew's Point Road
Lower Montague, Prince Edward Island
Exceptional Beachfront Lot with breathtaking Views and a sandy shore. Short drive to the best beaches, golf courses, restaurants and shopping the Island has to offer. 30 minutes to the Nova Scotia ferry and Airport. 5 minutes to Montaque. Perfect for year round living on the water.*Vendor Financing options available* Realtor® is related to the vendor. (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.