Prince Edward Island Real Estate Explained!
Prince Edward Island is a small island located 13 km off the east coast of Canada. It is connected to the mainland by the Confederation Bridge as well as ferry and air. While Prince Edward Island is the smallest province in Canada it isn't small on scenery or lifestyle, and the Prince Edward Island waterfront real estate market is strong. Prince Edward Island, the Emerald Isle, is a great place to retire, holiday, or even use as a summer retreat from the hustle and bustle of big city life. Prince Edward Island waterfront real estate is plentiful due to the long jagged coastline and bays and inlets of the island. There is always something new just around the corner and PEI properties and PEI homes are readily available, always beautiful and well-kept, as well as being very affordable. Many visitors to Prince Edward Island, and there are upwards of a million in the summer, choose to enter the Prince Edward Island real estate market and buy a PEI property or PEI home of their own using it for their own vacation as well as netting a return on investment by renting it to other vacationers when not using it themselves. Many PEI realtors and Prince Edward Island real estate agents will manage your PEI property when you are away.
Prince Edward Island real estate affords anyone interested in becoming a Prince Edward Island real estate investor a secure financial instrument upon which to base a wealth-building plan. Prince Edward Island real estate, while perhaps not providing the potential for the large returns to be had in some urban areas, such as the recent "crazy" upturns in portions of the Toronto market, is much easier to break into with much lower cash requirements as well as not being subject to the potential risk and downside of a real estate market that over inflates and then falls. The Prince Edward Island real estate market at present still has many great deals on offer that will allow everyone from the family seeking their first PEI home to the savvy real estate investor looking for a Prince Edward Island commercial or multi-family rental investment.
Wally Ross and the Century21 Northumberland Realty team are your first choice when looking for a PEI realtor who can help you enter the Prince Edward Island real estate market. There are some restrictions on out of province ownership of Prince Edward Island waterfront real estate but these are not difficult to comply with and still allow for a considerable purchase of PEI property or the purchase of a PEI home.
The Prince Edward Island real estate market is generally though to divide into two distinct categories. There is the local market which includes PEI home owners, islanders generally who live and work here with their families year-round, buying a PEI home or other PEI property for their own use. Then there is a very strong summer Prince Edward Island real estate market which is made up of visitors and summer residents who come to PEI and buy PEI property looking to have a base for a different kind of lifestyle than that found in the bigger Canadian cities. More and more those wishing to be summer residents of Prince Edward Island buy into some of the excellent Prince Edward Island real estate developments such as Sunset Dunes, Granville on the Water and Sunbury Cove. These Prince Edward Island real estate developments offer serviced lots as well as turnkey PEI homes built to specification.
There is actually a third type of market which skews between these two. This is the retiree market. People from other parts of Canada are coming to Prince Edward Island and buying into the Prince Edward Island real estate market, often purchasing in the towns and cities especially buying into Summerside real estate. These people find that they can purchase a PEI home for a fraction of the price they sell their home in other parts of the country and use the released equity to finance part of their retirement.
Whatever your Prince Edward Island real estate needs you can rely on Wally Ross to search the MLS catalog of Prince Edward Island real estate listings to find just the right PEI property to suit your needs. Wally Ross and the Century21 Northumberland Realty team provide the services you are looking for when you choose a PEI real estate agent.
Call Wally Ross today for a brighter future tomorrow, living the PEI lifestyle, and enjoying the financial security of homeownership in the Prince Edward Island real estate market.
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113 ST.CLAIR ST
Summerside`s newest 2 bedroom custom built Duplex located on St.Clair street in leFurgey subdivision, is under construction. Roof is being shingled now May 2nd, so you still have time(2 weeks) to speak with the owner, to choose your interior colors and flooring..some cost adjustments may occur depending on your changes. These custom built Duplexes have foundation,2` rigid insulation under concrete slab. Exterior walls have R 20 insulation,plus 1` Enter-Air insulation and air barrier. Custom deigned kitchen cabinets, with lots of counter space and storage in an open concept design. Home has main bathroom, laundry room, en suite off master bedroom, Plus walking pantry and lots of extra storage closets. One side is already SOLD, so don`t hesitate this won`t last long. $199,000
2A DOUGLAS ST
This 9 year old Semi-Detached home shows like new, ready to move into and is selling for a great price. Beautiful white cabinets, which includes a raised snack counter, very clean looking kitchen area. Open concept kitchen, dining and living area, good for entertaining guests. In- floor heat, with beautiful wood style laminate flooring, you have to take a second look it`s so real looking. Home has two bedrooms, bathroom, laundry room, good size finished heated garage with pull down stairs to attic space for extra seasonal storage. This home was built wheelchair friendly with 3` door ways, no carpet, on a slab there are no stairs, located on a dead end street, so also child friendly. Kensington has all the amenities you require, schools, stores, restaurants, churches, fire department, plus centrally located between Charlottetown and Summerside. The only 2 bedroom Semi-Detached on the market in Kensington don`t wait, this home won`t be on the market long. $144,900
1250 ROUTE 124
Beautiful 3 bedroom home 20 minutes from Summerside, in a rural setting, with an amazing view to the south for miles. A combined kitchen and dining room area, beautiful oak cabinets with lots of counter space, patio doors that go out to brand new deck with beautiful sunsets. Huge living room looking out to southern views, great for those that enjoy sunrises. Good size bathroom with one piece shower and tub, master and second bedroom on main floor. Downstairs you walk into a huge family room with propane fireplace, great for movie nights. Third bedroom downstairs for your quests or your teenager that wants their own space. A second 1/2 bath, then into laundry area, that also includes furnace, hot water heater and water softener. Doorway downstairs that takes you up into a back entry with big closet, that leads out into the garage. Garage is 80% finished with plywood on the walls and vinyl siding on bottom half so you can wash your vehicles inside. $159,900