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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358 Beechpoint Rd
This is a perfect spot for your summer retreat or a summer rental investment property. This two bedroom Mini Home shows well for it`s age, but remember it`s used 4-6 months a year. With an attached sun-room on the back side off the living room, which leads out to a 12` x 8` deck. Over looking the beautiful Malpeque Bay off in the distance on the front side, while sitting the front deck, your in heaven. Located on a dead end road, with very little traffic and beach access at the end of the road. Quiet spot for the summer, it also over looks the City of Summerside, that`s 15 minutes away. Close to several beautiful North side beaches, Cabot, Darnley, Thunder Cove, around 10 minutes from the town of Kensington. $68,900
Summerside's newest & only custom built 3 bedroom Semi-detached located on corner of St. Clair Street is under construction. You still have time to speak with owner, to choose your interior colors & flooring...some cost adjustments may occur depending on your changes. These Custom built Semi-detached homes have a concrete foundation, 2" rigid insulation under concrete floor. Exterior walls have R 20 insulation, plus 1" Ener-Air insulation and air barrier. Custom designed 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 walk in Pantry and lots of extra storage closets, don't hesitate this semi-detached home won't last long. A generous allowance has been allowed by Vendor for interior finishes, but he is open to changes & colors, If his allowances are exceeded, the extra costs will be added to asking price. The exterior color on these units will be Grey, not brown as shown on previously built units. $219,900
241 Darrach Ave
Summerside's newest & only custom built 3 bedroom Semi-detached home, located on corner of Darrach Ave. in LeFurgey subdivision, is under construction. You still have time to speak with owner, to choose your interior colors & flooring...some cost adjustments may occur depending on your changes.These Custom built Semi-detached homes have a concrete foundation, 2" rigid insulation under concrete floor. Exterior walls have R 20 insulation, plus 1" Ener-Air insulation and air barrier. Custom designed 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 walk in Pantry and lots of extra storage closets. don't hesitate this side won't last long. A generous allowance has been allowed by Vendor for interior finishes, but he is open to changes. If his allowances are exceeded, there will be added costs to asking price. The exterior color on these units will be Grey, not brown as shown on previous units. $219,900