Lands and lots for sale in PEI
Explore our impressive range of Lands and Lots for sale in PEI
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1 Boughton Bay Lane
Launching, Prince Edward Island
Waterview, lot 1, Boughton Bay Lane, located just off Provincial road is recently cleared surveyed, and ready for development. Overlooking the Cardigan Bay, and Boughton Island, this is the beauty and tranquility PEI is renowned for. Build your paradise on this southern exposure, oversized lot, with deeded access to the water included. There are already year round developments further down this lane, that will support your investment! Enjoy swimming, boating, fresh shell fish, hiking trails, horseback riding, world renowned beaches and golf course all within close proximity. Property taxes noted are for non resident. (id:50344)
Lot 18-3 Ince Drive, Hampton Beach Properties
Hampton, Prince Edward Island
With over 7 acres, your property has huge ocean and sky views, with deeded walk-on beach access to the warmest, safest waters north of the Carolinas; Northumberland Strait. Safe tidal pools provide hours of beach walking, exploring, swimming, clamming, sea glass hunting, kite boarding, and sailing. Centrally located in Queens county on South Shore, 20 minutes to bridge and 25 minutes to airport. All utilities are underground. Private community away from the TCH road. Sloping land facing south down to the beach. Largest lot in this 'large lot' community. There is no better quality or comparison on the Island. Well established and competently operated Home Owners Association with bylaws and covenants. Members of the South Shore Watershed Association. Believers in The International Dark Sky Association. Rare opportunity. Village of Victoria-By the Sea is a 5 minute car drive, 45 minute kayak, and 1 hour beach walk with best restaurants, theatre, artisanal shops. The highly sought after community of Hampton Beach Properties (www.hamptonbeachproperties.com). (id:50344)
Lot 23-1 Molyneaux Road
Warren Grove, Prince Edward Island
Nice country lot on a quiet road, minutes from the city. 175?x253? ? 1.02 acres. Perc test completed, category 2. Covenant will be placed on the lot before closing, that houses must be on a foundation. Please note: Tax and Assessment values are to be determined. (id:50344)
Lot 6 Collins Hollow
Lakeside, Prince Edward Island
Cleared building lot on a gravel road boarding Crowbush Resort. Steps to dining and golf and just around the corner from the stunning Lakeside beach. Fantastic opportunity! (id:50344)
Lot 7 Collins Hollow
Lakeside, Prince Edward Island
Cleared building lot on a gravel road boarding Crowbush Resort. Steps to dining and golf and just around the corner from the stunning Lakeside beach. Fantastic opportunity! (id:50344)
Acreage Selkirk Road
Valley, Prince Edward Island
Great price! Check out this 50 acres on the Selkirk Road. Spruce plantation without significant Fiona damage and partial hardwood partial cut over on rear. (id:50344)
23-3 Route 12
Grand River, Prince Edward Island
Stunning water-views from this 3.57 acre residential building lot calling your name to build that dream home on! Year round access, perc tested category 2, level/cleared, pinned and surveyed! Located just 15 minutes to Summerside. NO COVENANTS OR RESTRICTIONS. Looking for another lot to expand your privacy? The lot next to this property can be purchased! Inquire for more information! Listing Agent is related to the Vendor. (id:50344)
23-5 Route 12
Grand River, Prince Edward Island
Stunning panoramic views of this 7.70 acre residential waterfront lot with 750 feet of water frontage is calling your name to build that dream home on! Year round access, perc tested category 2, pinned and surveyed! Located just 15 minutes to Summerside. Enjoy all water activities, and the southern sun exposure! Approximately 4.5 acres are cleared/ level, while the remaining 3.2 acres is a combination of buffer zone and wetland. NO COVENANTS OR RESTRICTIONS. Looking for another lot to expand your privacy? The lot next to this property can be purchased! Inquire for more information! Listing Agent is related to the Seller. (id:50344)
23-1 Route 12
Grand River, Prince Edward Island
Stunning water-views from this 3.89 acre residential building lot calling your name to build that dream home on! Year round access, perc tested category 2, level/cleared, pinned and surveyed! Located just 15 minutes to Summerside. NO COVENANTS OR RESTRICTIONS. Looking for another lot to expand your privacy? The lot next to this property can be purchased! Inquire for more information! Listing agent is related to the seller. (id:50344)
23-2 Route 12
Grand River, Prince Edward Island
Stunning water-views from this 3.50 acre residential building lot calling your name to build that dream home on! Year round access, perc tested category 2, level/cleared, pinned and surveyed! Located just 15 minutes to Summerside. NO COVENANTS OR RESTRICTIONS. Looking for another lot to expand your privacy? The lot next to this property can be purchased! Inquire for more information! Listing agent is related to the seller. (id:50344)
23-4 Route 12
Grand River, Prince Edward Island
Stunning water-views from this 3.57 acre residential building lot calling your name to build that dream home on! Year round access, perc tested category 2, level/cleared, pinned and surveyed! Located just 15 minutes to Summerside. NO COVENANTS OR RESTRICTIONS. Looking for another lot to expand your privacy? The 2 lots next to this property can be purchased! Inquire for more information! Listing Agent is related to the Seller. (id:50344)
Acreage Culloden Road
Melville, Prince Edward Island
Looking for a larger acreage in Melville? How about 50 acres on the Culloden Road? This mixed acreage is comprised of 15 acres of blueberry fields and 35 acres of spruce plantation(Fiona damage in rear)Check it out today! Close to the desired Belfast School district. (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.