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CENTURY21 Northumberland Realty

MY AWARDS




Ron Barrett is Broker & Co-owner of our Century21 Brokerage. Buying or Selling Ron can help you find or market your PEI home or PEI property. Ron has 33 years of PEI real estate experience to ensure a successful real estate transaction on Prince Edward Island.


"I love everything about my Career in Real Estate. Just tell me what you are looking for and I will find it." Properties sell if they are priced right and marketed properly. I will do my best to help you with both. I truly appreciate each and every person I work with and know it is a privelege to have your business.

2013 - Canada Masters Hall Of Fame.
2015 - 69th in Units Sold in Canada.
2016 - 49th in Units Sold in Canada.
2016 - 10 Year Centurion Award.
2017 - 47th in Units Sold in Canada among 9000 agents.

MY AWARDS




Ron Barrett is Broker & Co-owner of our Century21 Brokerage. Buying or Selling Ron can help you find or market your PEI home or PEI property. Ron has 33 years of PEI real estate experience to ensure a successful real estate transaction on Prince Edward Island.


"I love everything about my Career in Real Estate. Just tell me what you are looking for and I will find it." Properties sell if they are priced right and marketed properly. I will do my best to help you with both. I truly appreciate each and every person I work with and know it is a privelege to have your business.

2013 - Canada Masters Hall Of Fame.
2015 - 69th in Units Sold in Canada.
2016 - 49th in Units Sold in Canada.
2016 - 10 Year Centurion Award.
2017 - 47th in Units Sold in Canada among 9000 agents.

MY AWARDS




Ron Barrett is Broker & Co-owner of our Century21 Brokerage. Buying or Selling Ron can help you find or market your PEI home or PEI property. Ron has 33 years of PEI real estate experience to ensure a successful real estate transaction on Prince Edward Island.


"I love everything about my Career in Real Estate. Just tell me what you are looking for and I will find it." Properties sell if they are priced right and marketed properly. I will do my best to help you with both. I truly appreciate each and every person I work with and know it is a privelege to have your business.

2013 - Canada Masters Hall Of Fame.
2015 - 69th in Units Sold in Canada.
2016 - 49th in Units Sold in Canada.
2016 - 10 Year Centurion Award.
2017 - 47th in Units Sold in Canada among 9000 agents.

Search for the Property of YOUR Dreams! START HERE ...

SINGLE FAMILY HOMES MINI HOMES COTTAGES & SUMMER HOMES
LAND & BUILDING LOTS RECREATIONAL LOTS ACREAGES
COMMERCIAL MULTI-RESIDENTIAL FARM & AGRIBIZ
SUMMERSIDE NORTH SHORE
WEST PRINCE CHARLOTTETOWN & EAST
SOUTH SHORE WELLINGTON & AREA

Come back here regularly to see our NEWEST LISTINGS.

462 MAIN STREET O'Leary, C0B 1V0
462 MAIN STREET
O'Leary, C0B 1V0
$259,900201910800
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).97
Living Area: (sq. ft.)1984

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222 CARLETON ST Borden, Carleton C0B1X0
222 CARLETON ST
Borden, Carleton C0B1X0
$84,900201910711
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)
Living Area: (sq. ft.)1200

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227 FOUNDRY STREET Summerside, C1N1E8
227 FOUNDRY STREET
Summerside, C1N1E8
$164,900201910480
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.09
Living Area: (sq. ft.)1349

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381 ST. NICHOLAS ROAD Miscouche, C1A 7N8
381 ST. NICHOLAS ROAD
Miscouche, C1A 7N8
$139,900201910463
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)20.24
Living Area: (sq. ft.)1030

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51 LAKEVIEW DRIVE Cornwall, C0B1H0
51 LAKEVIEW DRIVE
Cornwall, C0B1H0
$275,000201910457
Bedrooms: 5
Bathrooms: 3
Lot Size: acre(s)0.22
Living Area: (sq. ft.)1750

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2316 MIDDLETON ROAD Middleton, C0B1N0
2316 MIDDLETON ROAD
Middleton, C0B1N0
$199,000201910444
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)2.62
Living Area: (sq. ft.)2057

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3907  UNION ROAD, ROUTE 15 St. Edwards,  C0B 1Z0
3907 UNION ROAD, ROUTE 15
St. Edwards, C0B 1Z0
$92,500201910436
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)21 Acres
Living Area: (sq. ft.)825

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267 PHILLIP STREET Tignish, C0B2B0
267 PHILLIP STREET
Tignish, C0B2B0
$95,000201910291
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).57
Living Area: (sq. ft.)1630

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1749 ROUTE 12 Central Lot 16, C1N 1R6
1749 ROUTE 12
Central Lot 16, C1N 1R6
$139,900201910209
Bedrooms: 2
Bathrooms:
Lot Size: acre(s)4 Acres
Living Area: (sq. ft.)3136

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1749 ROUTE 12 Central Lot 16, C1N 1R6
1749 ROUTE 12
Central Lot 16, C1N 1R6
$159,900201910203
Bedrooms: 6
Bathrooms: 2
Lot Size: acre(s)12 Acres
Living Area: (sq. ft.)

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103 SUMMER STREET Summerside, C1N3J3
103 SUMMER STREET
Summerside, C1N3J3
$339,900201910145
Bedrooms: 5
Bathrooms: 4
Lot Size: acre(s)0.18
Living Area: (sq. ft.)2246

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212 OLD SUMMERSIDE ROAD Kensington, C0B1M0
212 OLD SUMMERSIDE ROAD
Kensington, C0B1M0
$242,900201910014
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.33
Living Area: (sq. ft.)1824

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145 GRANVILLE STREET Summerside, C1A 3A2
145 GRANVILLE STREET
Summerside, C1A 3A2
$219,000201909846
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)0.13+0.10
Living Area: (sq. ft.)1832

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211 ROUTE 152 Northport C0B 1B0
211 ROUTE 152
Northport C0B 1B0
$89,900201909650
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s).4
Living Area: (sq. ft.)1574

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616 MACMURDO ROAD Summerside, C1N 6G6
616 MACMURDO ROAD
Summerside, C1N 6G6
$139,900201909558
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)1.06
Living Area: (sq. ft.)2520

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103 MERRIAM DRIVE Summerside, C1N 5B4
103 MERRIAM DRIVE
Summerside, C1N 5B4
$229,000201909543
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).27
Living Area: (sq. ft.)2054

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280  GLENN DRIVE Summerside, C1N5L9
280 GLENN DRIVE
Summerside, C1N5L9
$89,900201909330
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)0.413
Living Area: (sq. ft.)902

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359 WATER STREET Summerside, C1N 0A6
359 WATER STREET
Summerside, C1N 0A6
$369,900201909275
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s)0
Living Area: (sq. ft.)1488

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42 BLANCHARD LANE Fortune Cove, C0B1V0
42 BLANCHARD LANE
Fortune Cove, C0B1V0
$125,000201909186
Bedrooms: 1
Bathrooms: 1
Lot Size: acre(s)0.61
Living Area: (sq. ft.)924

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2773 HAMILTON ROAD Baltic, C0B1M0
2773 HAMILTON ROAD
Baltic, C0B1M0
$94,500201908942
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)0.50
Living Area: (sq. ft.)964

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Lot 15 DUNES LANE Chelton, C0B1A0
Lot 15 DUNES LANE
Chelton, C0B1A0
$160,000201908809
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).3
Living Area: (sq. ft.)1280

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40 RILEY DRIVE Darnley, C0B 1M0
40 RILEY DRIVE
Darnley, C0B 1M0
$179,999201908682
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).46
Living Area: (sq. ft.)912

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616 BARBARA WEIT ROAD Travellers Rest, C1N 4J8
616 BARBARA WEIT ROAD
Travellers Rest, C1N 4J8
$91,900201908500
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)1.85
Living Area: (sq. ft.)1000

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26 CLARK DRIVE Augustine Cove, C0B1X0
26 CLARK DRIVE
Augustine Cove, C0B1X0
$329,000201908377
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).34
Living Area: (sq. ft.)1840

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0 PLOVER LANE Darnley, C0B 1M0
0 PLOVER LANE
Darnley, C0B 1M0
$23,900201910416
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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0 PLOVERS LANE Darnley, C0B 1M0
0 PLOVERS LANE
Darnley, C0B 1M0
$23,900201910407
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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0 DARNLEY BASIN LANE Darnley, C0B 1M0
0 DARNLEY BASIN LANE
Darnley, C0B 1M0
$17,900201910397
Bedrooms:
Bathrooms:
Lot Size: acre(s).45
Living Area: (sq. ft.)

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Lot 5 ROUTE 19 Cornwall, C0B1H0
Lot 5 ROUTE 19
Cornwall, C0B1H0
$33,500201910312
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.145
Living Area: (sq. ft.)

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Lot 4 ROUTE 19 Cornwall, C0B1H0
Lot 4 ROUTE 19
Cornwall, C0B1H0
$34,900201910308
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.1
Living Area: (sq. ft.)

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Lot 3 ROUTE 19 Cornwall, C0B1H0
Lot 3 ROUTE 19
Cornwall, C0B1H0
$44,500201910300
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.559
Living Area: (sq. ft.)

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 FORTUNE COVE Fortune Cove, C0B1V0
FORTUNE COVE
Fortune Cove, C0B1V0
$14,900201909734
Bedrooms:
Bathrooms:
Lot Size: acre(s).27
Living Area: (sq. ft.)

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Lot 49 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 49 CAMPBELLS WAY
Cape Traverse, C0B1X0
$179,900201909028
Bedrooms:
Bathrooms:
Lot Size: acre(s).76
Living Area: (sq. ft.)

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 MILL RIVER EAST ROAD Brooklyn, C0B1B0
MILL RIVER EAST ROAD
Brooklyn, C0B1B0
$17,500201908770
Bedrooms:
Bathrooms:
Lot Size: acre(s).80
Living Area: (sq. ft.)

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Lot 51 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 51 CAMPBELLS WAY
Cape Traverse, C0B1X0
$55,900201908757
Bedrooms:
Bathrooms:
Lot Size: acre(s).86
Living Area: (sq. ft.)

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 BROOKINS DRIVE Kensington, C0B1M0
BROOKINS DRIVE
Kensington, C0B1M0
$37,900201908724
Bedrooms:
Bathrooms:
Lot Size: acre(s).3
Living Area: (sq. ft.)

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6664 ROUTE 225 Middleton, C0B1N0
6664 ROUTE 225
Middleton, C0B1N0
$24,900201908044
Bedrooms:
Bathrooms:
Lot Size: acre(s).60
Living Area: (sq. ft.)

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101 ABEGWEIT BLVD Borden, Carleton C0B1X0
101 ABEGWEIT BLVD
Borden, Carleton C0B1X0
$775,000201906010
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)11000

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464 MARCHBANK ROAD Montrose, C0B 1B0
464 MARCHBANK ROAD
Montrose, C0B 1B0
$159,000201826583
Bedrooms:
Bathrooms:
Lot Size: acre(s).48
Living Area: (sq. ft.)1188

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99 HARBOUR ROAD Miminegash, C0B1S0
99 HARBOUR ROAD
Miminegash, C0B1S0
$399,000201824251
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.08
Living Area: (sq. ft.)2800

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325 CHURCH STREET Tignish, C0B 2B0
325 CHURCH STREET
Tignish, C0B 2B0
$319,000201824215
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.78
Living Area: (sq. ft.)2280

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25 BROADWAY STREET Kensington C0B 1M0
25 BROADWAY STREET
Kensington C0B 1M0
$1,299,000201822803
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.09
Living Area: (sq. ft.)

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64 MEMORY LANE Fortune Cove C0B1V0
64 MEMORY LANE
Fortune Cove C0B1V0
$395,000201821484
Bedrooms:
Bathrooms:
Lot Size: acre(s)12.07
Living Area: (sq. ft.)

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20798 TRANS CANADA Tryon, C0A1J0
20798 TRANS CANADA
Tryon, C0A1J0
$304,900201910934
Bedrooms:
Bathrooms:
Lot Size: acre(s)3.32
Living Area: (sq. ft.)

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8348 ARGYLE SHORE Argyle, C0B 1C0
8348 ARGYLE SHORE
Argyle, C0B 1C0
$349,000201828426
Bedrooms:
Bathrooms:
Lot Size: acre(s)42.52 Ac
Living Area: (sq. ft.)

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Buying & Selling Real Estate on Prince Edward Island

Buying PEI Real Estate and Property

Do you know how much money will be needed in order to close your PEI real estate deal? Besides the basic purchase price, buyers face legal fees and disbursements (plus GST), which are the out-of pocket expenses a lawyer/notary incurs. Then there are closing adjustments with the seller – taxes, rental income, condominium maintenance, and some utility charges. And don’t forget about the costs of arranging a new mortgage which can include application and appraisal fees. For resale PEI homes, these “extras” can easily add 1 1/2% to 2% onto the basic purchase price.>

Do you know what needs to be done after the deal is closed? Once your offer has been accepted the work has just begun. Future steps include arranging for monthly mortgage payments and PEI property taxes, finding the right insurance coverage, transferring your utilities and arranging for your move.>

Avoid any surprises by having Ron Barrett, a CENTURY 21 real estate professional guide you through the necessary steps. Rely on his expert advice to keep you informed and prepared as each step of your PEI real estate purchase unfolds.>

It’s just one more way that a CENTURY 21 real estate professional takes the anxiety out of buying your next PEI home.>

Step 1: Defining What You Want

Start by creating a prioritized list of features you want to find in your short-list of PEI homes and the reasons why. Use it as your search guide, but remember that depending on your funding, you will probably need to make some compromises. In addition, talk to your Ron Barrett, your PEI realtor about where you want to live. Location is a huge part of any move. Ron will help you narrow down your choices by initiating you to PEI real estate market trends and local PEI information like neighbourhood statistics and community links.

Step 2: Figuring Out How Much PEI Real Estate you can Afford

Now that you know what you want, it’s time to see what type of PEI home you can afford. You can start by crunching the numbers yourself using our selection of calculators available on our homepage.

When you’re ready to move to the next step, you can get pre-approved for a mortgage. This process can often be performed in under an hour and it accomplishes two important goals. First, it will tell you how much you can spend on your PEI home purchase and what your monthly payments will be. Second, it tells the seller that you can afford to buy their home.

By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the PEI property. Many times a buyer can use this pre-approved status as leverage during the negotiation process.

Step 3: Shopping For PEI Homes

Once you know what community you’d like to live in and have an idea of how much house you can afford, its time to start checking out actual PEI real estate listings. Beginning this search online can help save you time since it can help you target PEI homes that meet your search criteria.

Next, begin visiting the PEI homes on your short-list. Ask your Ron, your PEI realtor, to arrange visits and attend open houses that are in your target area and price range. When comparing homes, make sure to look at all aspects of the yourPEI real estate choices. Is the PEI property tax approximately the same? Are both the houses renovated? Do they both have the same amount of bedrooms and bathrooms? Are both houses located on the same or similar streets? Does either house have any encumbrances?

Step 4: Making An Offer on a PEI Property

Once you choose one of the PEI homes, you need to make an offer. Typically this is a very difficult and trying time since both parties have totally different goals. In most cases it is better to have a third party, such as a PEI realtor, negotiate the offer. If you have any personal interaction with the homeowner, don’t give out any information about your move, your current housing status, financial status or your feelings about their property – positive or negative. This could hurt you in future negotiations.

Step 5: Inspection & Insurance for PEI Homes

After your offer is accepted you will need to set up, coordinate and interpret various inspections, including insect, radon, building quality, oil tank, title, etc. You will also need to arrange for homeowners insurance and finalize the mortgageon your PEI real estate purchase.

This is a major step in the buying process and there are many potential problems that can be discovered during this period. These include a leaky roof, radon gas, termite damage, a foundation problem, and wall cracks, to name a few. These problems happen all the time. The difference between closing on your dream PEI home and starting the process all over again is what occurs during the negotiations between you and the seller. Ron Barrett, your PEI realtor, can help make these discussions go more smoothly. You will also have the option of a “walk through” before the closing. This is your last chance to make sure that all of the items that you have agreed upon were completed to your satisfaction.

Step 6: The Final Closing

Before you arrive at the closing, make sure all the necessary paper work and deposits have been completed. If the mortgage, title work, homeowners insurance and other items necessary under local PEI laws are not completed and brought to the closing table, the closing may not happen on time – depending on the contract, this could result in further action including financial penalties and even the loss of your rights to your new PEI home.

Once you close, it’s official – you own your dream home on PEI! But there might be a few things you want to do before you lay out the welcome mat. These include arranging for an alarm system, turning on the electricity, subscribing to the local paper, cleaning or replacing the carpet, arranging for lawn services, etc. This could also be a good time to make some needed renovations.

Feel free to ask Ron Barrett for guidance and information about many money-saving offers available to CENTURY 21 customers.

Non Resident PEI Real Estate purchases. Non-resident PEI real estate purchases are not a problem providing some guidelines are followed to meet government approvals. Cases vary based on size, location and intentions of future usage of the PEI real estate. In general, any individual can own up to 5 Acres and 165 feet of water frontage without seeking governmental approval.

Selling PEI Real Estate and Property

What can you do to prepare your PEI home for showing? What small steps can be taken to increase your chances for a quick sale? Efforts to improve the appearance of your PEI home can contribute greatly to its marketing success. Small efforts such as replacing defective light bulbs; repainting damaged trim areas around doors and windows; cleaning the carpets; and adding finishing touches such as fresh flowers can make all the difference. Selling PEI Real Estate

Step 1: Creating a Marketing Plan

Create a marketing plan for your PEI home that will help distinguish it in your local marketplace and attract buyers to your PEI property. This may include advertising in the newspaper, posting your PEI real estate listing on the Internet, holding an open house and more. Ron will use the CENTURY 21 Customized Marketing System to create a personalized selling program for clients. Its purpose is to sell PEI homes at the best price possible in the shortest amount of time.

Step 2: Setting the Price (evaluation of PEI real estate)

A key part of the PEI real estate marketing plan is setting the list price. If a home is priced to low, you may lose potential gains. If a home is priced too high, potential buyers may be scared away. To determine the best asking price Ron will review with you the cost of recently sold PEI homes as well as the asking price for PEI homes for sale currently on the market, evaluate the competition and study PEI real estate marketplace trends. Ron will use this information to help you reach the right asking price. It is also helpful to discuss other terms and conditions, such as timing and items that can be included with the sale of the home. Both of these can make your home more attractive to potential buyers.

Step 3: Showtime

Now it’s time to get your PEI home ready for the spotlight. Start with a good cleaning, then eliminate any clutter, add a fresh coat of paint and tidy up the yard. Ron will be happy to help you determine those jobs that will be most beneficial to the early sale of your home.

Step 4: Protecting Yourself

In some cases, a home sale can also be an invitation for danger. You should ask for identification and pre-approval letters as well as lock up valuables, make sure that pets are controlled when there is a viewing, and remove dangerous items. Remember for sale signs bring in more than buyers so ensure that children don;t answer the door and talk to Ron for additional tips.

Step 5: Making the Deal

A buyer has made an offer – now it is time to negotiate. Rely on Ron to guide you through this process. He will help you arrive at an acceptable price, terms and conditions. Once you have accepted an offer, help keep the deal together by meeting deadlines and criteria, including home inspections, appropriate buyer visits, scheduled deposits and other steps. In fact, during this period there may be a re-negotiation of the accepted offer price depending on the outcomes of these visits. As the closing nears, you may also need to perform repairs or do additional work to the house as agreed upon in your contract. In addition, you will need to have the house “broom clean” prior to the closing so that the buyer can complete a final walk through. When you finally arrive at the closing table, come prepared with the appropriate certificates and approvals. Once the money has exchanged hands and all the papers signed it’s time to hand over the keys and concentrate on your next big project – getting YOUR new PEI home in order.

Century21 and the PEI Real Estate Market
What Century21 and Ron Barrett can do to help you buy or sell PEI Real Estate


Today, our world is a global village. For PEI home sellers, that means that a buyer could be anyone from around the corner to around the world, and for those looking to buy PEI real estate from other parts of the world, the Internet is key. With over 100,000 brokers and sales associates in over 30 countries and territories, Century 21 Real Estate Corporation is part of the largest real estate referral network in the world – connecting potential buyers and sellers of PEI real estate with other real estate professionals around the globe!

In addition to corporate strengths, Ron Barrett himself is aggressively marketing PEI real estate listings across the globe through various internet resources including his own two web sites. Ron has traveled to Toronto, Las Vegas, and China to meet with prospective PEI real estate buyers and promote PEI real estate and his clients’ PEI homes and properties.

Email Campaigns, Direct Marketing Techniques, as well as realtor handshaking are but a few additional tools that he uses to find you the right PEI home or market your PEI real estate listing.

It does not end with these methods. Always innovative and opened to new venues, Ron Barrett continues to experiment with new cutting edge methods and refine their usefulness in regards to the marketing of PEI real estate.

When homebuyers and sellers think about real estate, they think of the CENTURY 21 brand. On PEI they think of Ron Barrett and Century 21. In fact, according to a national survey, the CENTURY 21 Brand was the most recognized name in real estate by a wide margin. Put the power of this international brand name as well as the local recognition of PEI realtor Ron Barrett to work in your local PEI real estate market to help sell your PEI home faster for the best price possible, or help you find the next place you'll call "home sweet home."

Contact Ron today for more information on the Century21 Advantage and how he can help you market your PEI home or find the perfect PEI real estate package!

Is PEI Real Estate Investment right for You?

If you have been wondering if an investment in PEI real estate is right for you then here are a few ideas you can consider for great investment opportunity in Prince Edward Island real estate. Ron and Century21 can help you decide!

PEI Real Estate Rental Market

As a realtor working in Summerside I see many great investment opportunities in the PEI real estate market, particularily in rentals. Summerside offers a great many smaller, well priced PEI homes and properties from $60,000 and up that afford all real estate investors, especially those just starting out, the chance to invest in PEI real estate and become a landlord. In addition to the single family units there are also many multi-family units available from under $100,000. These may be over-under duplexes or older homes that have been converted to apartments. Alternatively for the more adventurous investor there are larger homes available that are still single family dwellings that could be converted to multi-unit. Although less popular in terms of rentals, there are PEI properties for sale in the country that may also be used as rentals and still represent an investment in Prince Edward Island real estate.

Tourism and Prince Edward Island Real Estate

Prince Edward Island is a popular tourist destination and as such, tourist accomodations make up a large part of the PEI real estate investment market. Tourist accomodations fall mainly into 2 groups, bed and breakfasts and smaller hotels/motels. Bed and Breakfast can be as simple as a family home that has been renovated to include an extra bedroom and bathroom, right through to major PEI real estate investments that separate the guests and the owners. Recently a home in Summerside was converted to a Bed and Breakfast and now has 6 designer rooms downstairs for guests while the owners have an apartment upstairs. This represents an investment exceeding $500,000 and therefore is a major investment in the local PEI real estate market. You should be aware of all government standards that must be followed as well as those standards used by rating services such as Canada Select.

PEI Waterfront Real Estate Development

PEI waterfront real estate is in scarce suppply everywhere, but PEI waterfront real estate is still an available commodity and at a price that makes it a "steal" compared with other locales such as Chester and Mahone Bay in Nova Scotia. Investors can still find large tracts of waterfront land to develop for subdivisions. Local developers have been creating cottage lot subdivions for some time and some of the new developments afford large lots and a plethora of green space and nature, such as Sunbury Cove and Sunset Dunes. If you have the money you could also develop a piece of PEI waterfront real estate and create a lucrative investment as well as a place that families will call home. It is recommended that unlike some developers, who are really only speculating on the future value of their PEI property, that you have the capital to put in roads and services in advance of selling.

Investment in Summer Homes and Cottages on PEI

PEI real estate for the summer visitor, including summer homes and cottages, represents a multi-purpose investment. You and your family can enjoy the property as a place to vacation in the summer while renting it to other vacationers when not in use. Your vacation PEI real estate also represents an equity building tool and an investment for your retirement or to pass along to other family members. If you are planning to rent your summer home to other holidayers when not in use you might consider a property management company to keep the property maintained and ready for visitors. Some property managers also take an interest in marketing your property and securing bookings. As a non-resident of Prince Edward Island you should be sure that all PEI real estate contracts should have the subject added, “subject to IRAC approval”. This is particulary important if the property is waterfront as there are restrictions on the amount of land that a non-resident may own. However it is still very easy for you to own PEI real estate.

Do you have a craft (or other tourist business) you wish to pursue?

If so, crafts and arts are very much in demand on PEI. You can look at country real estate on PEI and find a charming property that will accomodate both your business and your home. The country roads and drives provide a steady stream of visitors and potential customers. The PEI government has the “blue sign” program, a system of directional sugns that will help tourists find your business.

The PEI real estate market, while not subject to the highs of other markets, is also not prone to the lows either. It is an ideal market for the small to medium range real estate investor and a great training ground for the novice. Call me to discuss your needs and I can help you enjoy the island and own your very own piece of PEI real estate.

Contact Ron

Lets get in touch and talk about your real estate needs.
I will get back to you shortly. If you need to speak to me sooner please call at the numbers below/beside.

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Direct:902-888-7238
Office (Sside):902-436-2265
Office (Chtown):902-201-9850
Fax:902-436-2687
Toll-free:1-888-436-2121
Email:ron@century21pei.com
629 Water St East, Summerside PE C1N4H8
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