Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
FOR BETTER RESULTS: You can change the way you view properties using the icon to change to GRID VIEW, the icon to change to LIST VIEW & the icon to change to MAP VIEW. If you want to perfrom an advanced search for property, click the SEARCH/FILTER RESULTS button below.
Lot 2-A Black Point Lane, Central Lot 16
Belmont, Prince Edward Island
Looking for the perfect waterfront property to build your dream home or cottage? Look no further than this stunning 8.4-acre parcel of land, complete with its own private beach! Located just 15 minutes from Summerside and all its amenities, this cleared lot is the perfect blank canvas for your waterfront oasis. With Perc #2 already in place and approximately 394 feet of waterfront, this property is ideal for anyone who loves to kayak, fish, or swim. The coastline is high and dry, providing a breathtaking backdrop for all your outdoor activities. If you're looking for even more space to spread out, an additional 5.9 acres adjacent to the property can be purchased at an additional cost. Don't miss your chance to own a piece of paradise on PEI's picturesque coastline. Contact Tina today to arrange a viewing and see for yourself why this is the perfect location for your next waterfront getaway. Please note: all measurements are approximate. (id:50344)
Nelson Street
Victoria, Prince Edward Island
Prime land for a waterfront development opportunity in the highly sought after Community of Victoria.The land is located within walking distance to all of Victoria's restaurants, shops, theatre and has water access to kayak or canoe. With approximately 30 acres of cleared land and approximately 900 ft of water frontage this is a developers dream property. The land butts up to an existing subdivision which allows for a second entrance/exit. Access to the land is off Nelson Street. All measurements are approximate and should be verified by purchaser if deemed necessary. Please note: Tax and Assessment values are to be determined after the completion of the sale. No PCDS, property being sold ?as is where is?. (id:50344)
Lot 6 Eagles View Lane
Malpeque, Prince Edward Island
This is a treed lot in beautiful Princetown Royalty. Clear the lot and leave some of these young trees for as much privacy as you need. Stroll to the water in minutes! You are also close to Kensington, Malpeque and as much fresh Island seafood as you want! (id:50344)
Lot #13 Captains Lane
Rocky Point, Prince Edward Island
Affordable water view lot to build a quality dream home on. Drive by and witness the peace and beauty Rocky Point offers. Minutes from award winning golf courses about 15 mins from Cornwall. Covenant protected, Perc tested Cat 2 for septic systems. Year round access and a walk away from the beach/boat access. (id:50344)
Lot 2 Route 11
Union Corner, Prince Edward Island
Surrounded by lush greenery, mature trees, and peaceful vistas, this lot embodies the natural beauty that the Union Corner area is known for. Embrace the serenity of the countryside and revel in the privacy and seclusion this property offers. Create your dream oasis or invest in a property with endless potential **Survey being completed for two separate 5 acre lots, but seller open to alter survey and negotiate price should the buyer want more or less than the 5 acres advertised. PERC test completed, results pending. (id:50344)
Lot 1 Route 11
Union Corner, Prince Edward Island
Surrounded by lush greenery, mature trees, and peaceful vistas, this lot embodies the natural beauty that the Union Corner area is known for. Embrace the serenity of the countryside and revel in the privacy and seclusion this property offers. Create your dream oasis or invest in a property with endless potential **Survey being completed for two separate 5 acre lots, but seller open to alter survey and negotiate price should the buyer want more or less than the 5 acres advertised. PERC test completed, results pending. (id:50344)
Lot #10 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (id:50344)
Lot #9 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (id:50344)
Lot #11 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (id:50344)
Lot #12 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (id:50344)
Lot #5 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (id:50344)
Lot #6 River Road
French River, Prince Edward Island
Properties like this don't come for sale often! Large 3 plus acre lot overlooking French River, New London Bay and the Gulf of St. Lawrence. Enjoy the peaceful summer evenings overlooking the fishing boats and this quaint historic village. Just minutes from a beautiful sandy beach. This property would be idea to build that dream home or summer home you have always wanted. (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.