Excellent real estate values on PEI
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Discover Exceptional Real Estate Opportunities in PEI
Prince Edward Island (PEI), Canada's smallest province, offers remarkable real estate opportunities. Nestled off the east coast of Canada, PEI has a winter population of around 140,000, which surges to over a million in the summer due to its appeal to tourists and seasonal residents.
Scenic Beauty and Rich Heritage
Characterized by its picturesque rolling hills and grasslands, reminiscent of the English countryside, PEI is predominantly English-speaking with a rich cultural history. It's famous for Lucy Maud Montgomery’s "Anne of Green Gables" and its renowned lobster suppers.
Prime Waterfront Properties
PEI provides some of the best real estate values in North America, particularly along its jagged coastline. Named one of the 10 Best Islands in the world, PEI offers abundant and reasonably priced waterfront properties. Whether your preference is oceanfront or a more sheltered setting by bays, inlets, and rivers, there’s something for everyone. Waterfront lots start around $50,000, while existing homes with water frontage begin at about $200,000.
Investment Opportunities
PEI also boasts lucrative investment potentials in rental properties. Many investors purchase summer homes, using them for personal vacations and renting them out to offset mortgages. For those interested in hospitality, heritage homes in Summerside, starting at $300,000, can be converted into charming bed and breakfasts or apartments for year-round rentals. Additionally, small city center starter homes are available from the $60s, often providing a positive cash flow. Properties can be managed by professional realtors if you're from out of province.
Business Ventures
For business-minded individuals, PEI offers robust opportunities in its industrial parks. Notably, Slemon Park, a former military base, includes facilities like an airport and hotel. It hosts companies such as the Justice Academy, Honeywell, Testori, and Atlantic Turbine, with room for new businesses.
Easy Accessibility
PEI is accessible globally, with direct flights from Toronto and Boston to Charlottetown Airport via Air Canada, WestJet, and Delta. From other locations, connect through Halifax. If traveling by car, the island is reachable via the Confederation Bridge, a 13 km span completed in 1997, or by ferry from Caribou, Nova Scotia to Woods Island, PEI.
Explore PEI and discover its incredible real estate possibilities. Your dream investment awaits!
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