Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Lot Hermanville Road
Rock Barra, Prince Edward Island
Large building lot for sale on the Hermanville Road in Rock Barra. Located along the stunning North Shore, this 7-acre parcel is for someone who wants to live close to the ocean and some of PEI's best beaches. Just a short drive off of the Northside Road, this parcel is a great opportunity for someone looking for a large, private place to build their dream home or cottage close to the water. No covenants! Located 10 minutes away from Souris. (id:50344)
09-13 Bakers Shore Road
Grand River, Prince Edward Island
(2 VIDEOS (Ground/Aerial) - Click on the Multi-Media Link) [WATERVIEW | LARGE LOT/ACREAGE | PRIVATE | MATURE TREES] Welcome to your new waterview acreage located at the end of the dead-end road terminating at the beach. You are just moments away from Summerside and exquisitely placed in the private and peaceful newly developed Grand River Bakers Shore Road community with exceptional 270-degree panoramic water views. Your new country paradise awaits! Enjoy quiet walks along the beach, kayaking, canoeing, motor boating, sailing, sea-dooing, skiing, snowmobiling, and nature walks. Nature and bird watching are all at your fingertips. Make your offer before this property is gone - 360-degree, virtual (Zoom), and live tours are available. Wow! 24 HOUR A DAY OPEN HOUSE® ON VIDEO! Click on the Multimedia Link to view the YouTube video(s), potentially many more photos, aerial videos and photographs. The listing agent is the vendor and a shareholder of 100785 PEI Inc. (id:50344)
Lot 20 Blue Jay Drive
St. Nicholas, Prince Edward Island
Discover the perfect opportunity for a summer retreat or year-round haven on this charming treed lot in Prince Edward Island. Situated within effortless walking distance of the beach and Union Corner Provincial Park, this lot holds exceptional potential for your dream property. Affordable and well-suited for both building and investment purposes, this slice of Prince Edward Island land is your canvas for creating a serene getaway. (id:50344)
Lot 2009-1 Roma Point Road
Brudenell, Prince Edward Island
Beautitul lot on the Roma Point Road in Brudenell. This 2.3 Acres lot would be an amazing location for your dream home or summer retreat. There is a deeded walking Path to the Montague River where you can walk the beach and enjoy the warm waters. Just minutes to the Roma National Historic site. 7 minutes to Montague, 40 minutes to Charlottetown. HST is over and above the purchase price and there is a small Home Owners Association fee. (id:50344)
128 Leards Lane
Lower Bedeque, Prince Edward Island
Experience the allure of waterfront living along the Northumberland Strait in Prince Edward Island. Revel in breathtaking sunsets and the enchantment of a pristine beach just steps away. providing an exceptional canvas for your creative vision. Seize this chance to shape your waterfront dreams on this remarkable piece of land. (NOTE)The cottage on site needs to be removed at buyers expense. The property is being offered "AS IS WHERE IS,". (id:50344)
Lot 22-2 Cape Bear Road
White Sands, Prince Edward Island
Located along the picturesque Cape Bear Road with views of the Northumberland Strait on one side and farmer's fields on the other, sits one of two building lots. Situated along the Cape Bear Road, dream of building your new home with views of the Strait in the distance. The road frontage is approximately 129 Ft across and goes back approximately 300 Ft. Potential to purchase more acreage at a negotiated price, the farm land hasn't used chemicals for over 10 years so great for someone looking for an Organic Farm. Each lot was perc tested at a Cat 2. There is an approximate 50 Ft access point along the approved lots to reach the acreage in behind, which is also for sale. Only 14 minutes from Wood Islands, 5 minutes to Murray River, and 20 minutes to Montague make it a great location for those looking to be in the country and still located close to amenities. HST is in addition to the purchase price. Taxes and assessment based on full property size and owners are nonresidents as well, property taxes and assessment will be adjusted after the sale. If you are wondering what it would cost in USD funds, the lot would approximately be $37,000. (id:50344)
Lot 22-1 Cape Bear Road
White Sands, Prince Edward Island
Located along the picturesque Cape Bear Road with views of the Northumberland Strait on one side and farmer's fields on the other, sits one of two building lots. Situated along the Cape Bear Road, dream of building your new home with views of the Strait in the distance. The road frontage is approximately 177 Ft across and goes back approximately 299 Ft. Potential to purchase more acreage at a negotiated price, the farm land hasn't used chemicals for over 10 years so great for someone looking for an Organic Farm. Each lot was perc tested at a Cat 2. There is an approximate 50 Ft access point along the approved lots to reach the acreage in behind, which is also for sale. Only 14 minutes from Wood Islands, 5 minutes to Murray River, and 20 minutes to Montague make it a great location for those looking to be in the country and still located close to amenities. HST is in addition to the purchase price. Taxes and assessment based on full property size and owners are nonresidents as well, property taxes and assessment will be adjusted after the sale. If you are wondering what it would cost in USD funds, the lot would approximately be $37,000. (id:50344)
. Cottage Country Lane
Mayfield, Prince Edward Island
If you are looking for seclusion, peace & quiet this is the lot for you! Located on a quiet road this treed lot is only 7 minutes from Cavendish and just minutes from some of the finest beaches & golf courses PEI has to offer. (id:50344)
Lot Sunset Crescent
West Covehead, Prince Edward Island
Cleared vacant 1 acre lot amongst some BEAUTIFUL new builds. High and dry pristine parcel with waterview and attracts sunlight on the perfect angle. Watch video here: https://www.youtube.com/watch?v=BY9kZi90KyM. (id:50344)
Lot 36 Wild Rose Lane
Bayside, Prince Edward Island
WATERVIEW LOT! Don't miss out on one of the last two water view lots in this beautiful subdivision in Bayside, Prince Edward Island. Lots 36 & 37 on Wild Rose Lane in Bayside are up for grabs and are the perfect place for your vacation property with the potential to use the lots year round as there are already 3 year round homes close by. These lots are just steps away from the best beach access point in the subdivision which is at the end of Wild Rose Lane. Whether you're looking to build your dream cottage, forever home or just looking to invest in a prime piece of real estate this property offers endless possibilities. (id:50344)
Lot 37 Wild Rose Lane
Bayside, Prince Edward Island
WATERVIEW LOT! Don't miss out on one of the last two water view lots in this beautiful subdivision in Bayside, Prince Edward Island. Lots 36 & 37 on Wild Rose Lane in Bayside are both up for grabs and are the perfect place for your vacation property with the potential to use the lots year round as there are already 3 year round homes close by. These lots are just steps away from the best beach access point in the subdivision which is at the end of Wild Rose Lane. Whether you're looking to build your dream cottage, forever home or just looking to invest in a prime piece of real estate this property offers endless possibilities. (id:50344)
Lot 81 Mccannel Road
Dromore, Prince Edward Island
Beautiful large country lot on a nice quiet paved road. Driveway already in place as well as a drilled well and septic. Great spot to build or for a mini home. No PCDS, property being sold ?as is where is?. (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.