Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Acreage Conway Road
Conway, Prince Edward Island
Discover the serene beauty of Prince Edward Island with this incredible opportunity to own over 6 acres of land on Conway Road! Nestled amidst a picturesque landscape, this vacant lot boasts an abundance of lovely white birch trees along with a variety of apple trees and a cleared space for building, creating a truly enchanting setting for your dream property. This hidden gem is located on Conway Road, between Tyne Valley and O'Leary and is close to walking trails and many sandy beaches. With it's tranquil and secluded surroundings you are sure to enjoy country living at it's best. Don't leave this affordable acreage off your list. (id:50344)
Lot Cottage Country Lane
Mayfield, Prince Edward Island
Introducing an exceptional opportunity to create your dream home on this vacant lot. This beautiful property with 0.84 acres offers many enticing features, making it an ideal canvas for your vision of a perfect home in a perfect location for living or investing of renting as Airbnb because of there are lots of travel sites. Experience the convenience: the lot is located just a few minutes from the famous Cavendish Beach area, where it is only minutes from world famous fisherman's wharf/New Glasgow lobster supper, amusement parks, restaurants, popular cafés, charming shops, golf courses, gas stations, and essential services. Electricity has already been run down the lane way to the property making this land a dream to those seeking a peaceful, natural, and beautiful area with a possibility of a feature investment property. This lot in Cottage Country Lane is right for you; it is an exceptional opportunity not to be missed. (id:50344)
Lot Route 225
Springton, Prince Edward Island
Calling all horse lovers! Welcome to your dream equestrian haven nestled on a picturesque 2.5-acre lot along the scenic Route 225 in Springton, Prince Edward Island. This idyllic property offers the perfect combination of a horse paddock and abundant land to gallop freely with your equine companions. Embrace the serenity and privacy of owning a generous 2-acre parcel of land, providing ample space for both you and your horses to roam and explore. Whether you're an experienced rider, a horse trainer, or simply a horse lover looking to embrace the equestrian lifestyle, this 2-acre lot on Route 225 offers boundless potential to create the equestrian retreat of your dreams. Don'tmiss this rare opportunity to own a piece of paradise tailored to horse lovers. Secure your spot in Springton's equestrian community and make this enchanting property yours today! Boarding available next door. Imagine having your own barn without the expense of building! **Survey and perc test to be completed. (id:50344)
Bangor Road
Bangor, Prince Edward Island
Large Parcel of Land, close to the village of Morell with frontage on the Bangor Road and the Mooney Road. Great property for Investors for a easy sub-divide OR a quiet, private and picturesque area to build your dream home and have extra acreage to enjoy nature or grow your own vegetable on your own mini-farm. (id:50344)
Little Pond Rd #310
Little Pond, Prince Edward Island
Large acreage. Well managed woodlot with Softwood, Hardwood and Sugar Maple. Great Opportunity for Land Investors. Good sturdy forest 15 year old trees and 66 foot right off way off the Main Highway. Great recreational woodlot for the enthusiast. (id:50344)
138 Oswald Road
Borden-Carleton, Prince Edward Island
This rare acreage is located only minutes from the Confederation Bridge and the community of Borden. This parcel is over nine acres stretching along the south side of Prince Edward Island with 966 feet of red sand shoreline. Walk for miles along the sandbars at low tide or watch the tide come in from the low bank. This property also comes with a bar cabin, septic, well, a storage shed and camper pad. Taxes are $1577 annually and survey is available. (id:50344)
Lot 14 South Beach Lane
Hampton, Prince Edward Island
Welcome to your new lot in "The Hamptons" situated on an inlet on the Northumberland Strait in Prince Edward Island, Canada. Walk for miles on the sandbars at low tide. Kiteboarding, paddleboarding, boating, and more await above water! This area boasts some beautiful executive homes and can be a year round home or your own Summer waterfront get-a-way. Great cuisine and seafood, festivals, and provincial parks and beaches are all a short drive away. Deeded water access and covenants to protect your investment. Take advantage of owning the best that Prince Edward Island has to offer. Lot is surveyed and category 1, ready to build! Great location only 15 minutes drive to Charlottetown. Don't miss the opportunity to own your own piece of paradise! (id:50344)
Lot 15 South Beach Lane
Hampton, Prince Edward Island
Welcome to your new lot in "The Hamptons" situated on an inlet on the Northumberland Strait in Prince Edward Island, Canada. Walk for miles on the sandbars at low tide. Kiteboarding, paddleboarding, boating, and more await above water! This area boasts some beautiful executive homes and can be a year round home or your own Summer waterfront get-a-way. Great cuisine and seafood, festivals, and provincial parks and beaches are all a short drive away. Deeded water access and covenants to protect your investment. Take advantage of owning the best that Prince Edward Island has to offer. Lot is surveyed and category 1, ready to build! Great location only 15 minutes drive to Charlottetown. Don't miss the opportunity to own your own piece of paradise! (id:50344)
Lot 5 South Beach Lane
Hampton, Prince Edward Island
Welcome to one of the finest oceanfront properties you can find in Prince Edward Island, Canada. "The Hamptons" are one of the premiere waterfront locations in Atlantic Canada where the Atlantic Ocean meets the Northumberland Strait. Stunning 180 degree views of the ocean and PEI red dirt cliffs. Walk for miles on the sandbars at low tide. Kiteboarding, paddle boarding, boating, and more await above water! This area boasts some beautiful executive homes and can be a year round home or your own Summer waterfront get-a-way. Great cuisine and seafood, festivals, and provincial parks and beaches are all a short drive away. Deeded water access and covenants to protect your investment. Take advantage of owning the best that Prince Edward Island has to offer. Lot is surveyed and category 1, ready to build! Great location only 15 minutes drive to Charlottetown. Don't miss the opportunity to own your own piece of paradise! (id:50344)
Lot 18 Miriam Court
Savage Harbour, Prince Edward Island
Waterfront lot located just minutes from Crowbush Golf Resort and beautiful beaches. Build your all year round home or summer retreat. Great opportunity to own your own little piece of PEI. (id:50344)
Lot 3 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 your golf-cart to the tee-off. (id:50344)
Lot 4 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)
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.