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 - 7 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 - 6 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 - 5 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 - 4 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 - 2 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view] Peaceful, serene, and beautiful are just a few words to describe this exclusive waterfront subdivision. Phase 1 sold out very quickly, so this is your chance to purchase your dream water view or waterfront lot before they are all gone. Every lot has a spectacular view of beautiful St Peters Bay and is 1 acre or more, has been surveyed and perc tested. Bay Breeze Estates is located between the towns of Morell and St Peters and is minutes from shopping, golf, beaches, schools, etc. Their are restrictive covenant to protect your investment. (id:50344)
Lot 22 - 3 Bay Breeze
Marie, Prince Edward Island
[VIDEO & VIRTUAL TOUR available - click virtual tour/multimedia link to view] Peaceful, serene, and beautiful are just a few words to describe this exclusive waterfront subdivision. Phase 1 sold out very quickly, so this is your chance to purchase your dream water view or waterfront lot before they are all gone. Every lot has a spectacular view of beautiful St Peters Bay and is 1 acre or more, has been surveyed and perc tested. Bay Breeze Estates is located between the towns of Morell and St Peters and is minutes from shopping, golf, beaches, schools, ,etc. There are restrictive covenant to protect your investment. (id:50344)
Lot 22 - 1 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 18 Swallow Point Road
Goose River, Prince Edward Island
Ocean access lot with deeded beach access for sale in beautiful Goose River, PEI, Canada. The lots measure 1.82 acres and are perc tested at category 1. We are not only selling lots, we are selling dreams. Imagine owning a piece of PEI like this for your vacation home for an investment rental property. Access the water with a private road to the white sand beach. Enjoy clam digging, quality time with family and friends, a workout or romantic stroll on the beach at sunrise or sunset. A privilege to beach like this is rarely offered. "NO covenants.". (id:50344)
Lot 19 Swallow Point Road
Goose River, Prince Edward Island
Ocean access lot with deeded beach access for sale in beautiful Goose River, PEI, Canada. The lots measure 1.82 acres and are perc tested at category 1. We are not only selling lots, we are selling dreams. Imagine owning a piece of PEI like this for your vacation home for an investment rental property. Access the water with a private road to the white sand beach. Enjoy clam digging, quality time with family and friends, a workout or romantic stroll on the beach at sunrise or sunset. A privilege to beach like this is rarely offered. "NO covenants.". (id:50344)
Lot 20 Swallow Point Road
Goose River, Prince Edward Island
Ocean access lot with deeded beach access for sale in beautiful Goose River, PEI, Canada. The lots measure 1.82 acres and are perc tested at category 1. We are not only selling lots, we are selling dreams. Imagine owning a piece of PEI like this for your vacation home for an investment rental property. Access the water with a private road to the white sand beach. Enjoy clam digging, quality time with family and friends, a workout or romantic stroll on the beach at sunrise or sunset. A privilege to beach like this is rarely offered. "NO covenants.". (id:50344)
21 Swallow Point
Goose River, Prince Edward Island
Acreage ocean front lot for sale in beautiful Goose River, PEI, Canada. The lot measure 5.43 acres and are perc tested at Category 1. We are not only selling an lot, we are selling dreams. Imagine owning a piece of PEI like this for your vacation home for an investment rental property. Access the water with a private road to the white sand beach. Enjoy clam digging, quality time with family and friends, a workout or romantic stroll on the beach at sunrise or sunset. A privilege to beach like this is rarely offered. "NO covenants". (id:50344)
Acreage Spry Point Road
Little Pond, Prince Edward Island
An ideal lot to build your family home this parcel is located in a quiet and peaceful close knit community of farmers and fishermen. The lot size is 3.15 acres on Spry Road. Most of the land is cleared with young hazelnut bushes planted on a portion. The beach is 3 minutes down the road by car, the Little Pond Community Centre is around the corner, and Annandale wharf is 5 minutes away by car. The boarder community of Annandale, Little Pond, Howe Bay is situated mid distance between Souris Regional Centre in the North and the town of Montague in the South. This parcel is located on a paved road with a large road frontage. There is mature trees around the lot as well as a nicely cleared building area. This property comes with a survey and ready for development. (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.