Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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Lot 5 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)
Lot 7 Oswald Road
Cape Traverse, Prince Edward Island
Experience the beauty of coastal living with this remarkable waterfront building lot for sale in Cape Traverse. Boasting an awe-inspiring view, this property offers an unobstructed vantage point from which you can witness the traffic moving along the iconic Confederation Bridge. Nestled on the South side of the island, this location provides access to the enchanting and warm waters that make Prince Edward Island a beloved destination. This lot offers not only stunning views but also a sense of security and protection. The bank has been protected by solid concrete blocks, ensuring the longevity and stability of the property. With this added safeguard, you can build your dream home or vacation retreat with peace of mind, knowing that nature's elements are mitigated.Imagine waking up to the soothing sound of gentle waves lapping against the shore and being greeted by the panoramic sight of the majestic Confederation Bridge. Whether you're a nature enthusiast, a photographer, or simply someone seeking tranquility by the water, this building lot presents a rare opportunity to create a haven tailored to your desires.With its prime location in Cape Traverse, you'll have convenient access to a range of amenities and recreational activities. Explore nearby hiking trails, indulge in water sports, or take leisurely strolls along the sandy shoreline. Additionally, the vibrant communities and charming towns of the Island are just a short drive away, offering an array of cultural events, local cuisine, and friendly residents.Don't miss out on the chance to own a slice of waterfront paradise in Cape Traverse. Whether you're envisioning a serene retirement retreat or a family home with captivating views, this building lot provides the perfect canvas for your architectural aspirations. Embrace the beauty of nature and seize this opportunity to create lasting memories in a location that truly embodies the essence of coastal living. (id:50344)
Lot 18 Salt Water Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 218' X 163' with .75 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 2 Salt Water Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 166' X 165' with .64 of an Acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 1 Salt Water Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 134' X 171' with .65 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 17 Seaside Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 161' X 152' with .65 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 6 Salt Water Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 187' X 140' with .83 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 23 Alden Ave
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 275' X 188' with 1.4 Acres and Category 111 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 22 Seaside Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 217' X 158' with .81 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 16 Seaside Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 167' X 152' with .58 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 19 Seaside Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 184' X 150' with .67 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (id:50344)
Lot 20 Seaside Ln.
North Carleton, Prince Edward Island
Some of the nicest Waterview lots overlooking the Confederation Bridge, and miles of sandbars on the South Shore of PEI Enjoy the warm waters and the beautiful sandy beach. Perfect spot to build that dream home with those amazing sunsets! Ideal for all types of water activities like kayaking or just walking the sandbars. Numerous year-round homes in this development with newly constructed gravel roads to provide you easy access. Lot dimensions are 184' X 150' with .64 of an acre and Category 1 for Septic. Only 15 minutes to Summerside and 35 minutes to Charlottetown Act now to secure your favourite lot! See Virtual Tour Video! (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.