Welcome to our weekly PEI real estate sales and listings update, where we provide you with a snapshot of the latest trends and transactions in the Prince Edward Island housing market. This week, we witnessed a variety of property types being sold, including commercial spaces, residential homes, vacant lands, and more. Join us as we delve into the details of the notable sales and active listings from the past week.

Commercial Property: One commercial property that caught our attention was an industrial space located at 58 Spring Lane in Charlottetown. This property has recently been rented, indicating a thriving business environment in the region.

Residential Sales: Several residential properties found new owners last week, reflecting a robust housing market in PEI. Here are a few noteworthy sales:

  1. Single-Family Home in Stratford: Sold for $374,900, this beautiful single-family home at 43 Swallow Drive in Stratford offers comfortable living in a desirable neighborhood.
  2. Duplex in Charlottetown: Another successful sale was a duplex situated at 26 Holmes Lane in Charlottetown, sold for $374,900. This property presents an excellent investment opportunity.
  3. Single-Family Home in Eastern PEI: A charming single-family home located at 4577 Route 17 in Murray Harbour North changed hands for $369,000, showcasing the appeal of properties in the eastern part of PEI.
  4. Single-Family Home in Stratford: This spacious single-family home at 35 Tuckers Way in Stratford sold for $899,990. Its modern design and attractive features make it a coveted property in the area.

Vacant Land Sales: Vacant lands in PEI continue to attract buyers looking to build their dream homes or invest in future development. Last week’s vacant land sales included:

  1. Vacant Lot(s) in Eastern PEI: Lot 18 1B Shipwreck Shore Road in Point Prim was sold for $89,000, offering a wonderful opportunity to build a home in a serene location.
  2. Vacant Lot(s) in Stratford: Lot 40 Strawberry Lane in Stratford, sold for $149,900, presents an ideal canvas for constructing a customized residence.

Active Listings: In addition to the sales, there are several active listings that potential buyers may find interesting. Here are a few examples:

  1. Cottage/Recreational Property in Stratford: Priced at $12,900, 8 Jane Crescent in Stratford offers an affordable opportunity to enjoy a relaxing getaway in a desirable location.
  2. Acreage in Eastern PEI: With an asking price of $29,900, 1618 Rte 17 in Lower Montague provides an attractive investment prospect for those seeking land for various purposes.
  3. Mobile/Mini Home in Charlottetown: 106 Mariner Drive in Charlottetown is listed at $198,900, making it an affordable option for those looking for a comfortable mobile home.

Conclusion: Last week’s PEI real estate market demonstrated strong activity across different property types. From commercial spaces to residential homes and vacant lands, there were numerous successful sales and enticing active listings. Whether you’re a prospective buyer or simply curious about the state of the market, staying informed about recent transactions and available properties is essential. Make sure to keep an eye out for future updates as we continue to monitor the PEI real estate market.