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CENTURY21 Northumberland Realty

Don serves Alberton, O'Leary, Tignish and surrounding areas as well as Prince County including all points west of Summerside. If you are thinking of buying or selling a home or seeking a vacation property, if you have questions or concerns, give me a call. We can talk about the process.


Don Murphy and the PEI real estate market – a winning combination

PEI is an island province located 13 km off the east coast of the mainland and connected to New Brunswick by the Confederation Bridge. PEI has a lengthy coastline and therefore PEI real estate listings are frequently waterfront or waterview properties. The PEI real estate market is characterized by less spectacular gains than other “hotter” markets but affords property owners a stable, secure return as it is also not so vulnerable to rapid drops in value. PEI real estate also provides a platform for the first time property buyer to enter the market as PEI real estate prices are considerably lower than most other parts of the country.

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SINGLE FAMILY HOMES MINI HOMES COTTAGES & SUMMER HOMES
LAND & BUILDING LOTS RECREATIONAL LOTS ACREAGES
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SUMMERSIDE NORTH SHORE
WEST PRINCE CHARLOTTETOWN & EAST
SOUTH SHORE WELLINGTON & AREA

Come back here regularly to see our NEWEST LISTINGS.

102 BAYVIEW DRIVE Cavendish, C0A 1E0
102 BAYVIEW DRIVE
Cavendish, C0A 1E0
$219,000201920243
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).38
Living Area: (sq. ft.)900

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2090 GASPE ROAD Howlan, C0B1V0
2090 GASPE ROAD
Howlan, C0B1V0
$186,900201920225
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)1.78
Living Area: (sq. ft.)2220

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133-135 WALKER AVENUE Summerside C1N 6G3
133-135 WALKER AVENUE
Summerside C1N 6G3
$347,500201920210
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.21
Living Area: (sq. ft.)2100

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35 MCGEE DRIVE Summerside, C1N 4B5
35 MCGEE DRIVE
Summerside, C1N 4B5
$177,500201920164
Bedrooms: 5
Bathrooms: 2
Lot Size: acre(s)0.37
Living Area: (sq. ft.)2184

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80  CEDAR STREET Summerside, C1N 3P7
80 CEDAR STREET
Summerside, C1N 3P7
$83,500201920157
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s)0.160
Living Area: (sq. ft.)1500

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26 CENTURY COURT Summerside, C1N 6N6
26 CENTURY COURT
Summerside, C1N 6N6
$349,000201920146
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).3
Living Area: (sq. ft.)

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293 GLEN DRIVE Summerside C1N5L7
293 GLEN DRIVE
Summerside C1N5L7
$74,500201920121
Bedrooms: 3
Bathrooms: 1.5
Lot Size: acre(s)0.532
Living Area: (sq. ft.)840

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11214 ROUTE 6 Clinton C0B 1M0
11214 ROUTE 6
Clinton C0B 1M0
$345,000201920107
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)10.7
Living Area: (sq. ft.)720

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503 MACEWEN ROAD Summerside, C1N5Z1
503 MACEWEN ROAD
Summerside, C1N5Z1
$260,000201920077
Bedrooms: 5
Bathrooms: 2
Lot Size: acre(s).17
Living Area: (sq. ft.)2800

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$132,500201920030
Bedrooms: 2
Bathrooms: .5
Lot Size: acre(s)
Living Area: (sq. ft.)480

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91  CENTRAL STREET Summerside, C1N 3L2
91 CENTRAL STREET
Summerside, C1N 3L2
$349,000201919941
Bedrooms: 2
Bathrooms: 2.5
Lot Size: acre(s)9147.6
Living Area: (sq. ft.)3400

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381 KELVIN ROAD Kelvin Grove, C0B1M0
381 KELVIN ROAD
Kelvin Grove, C0B1M0
$498,900201919791
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s)
Living Area: (sq. ft.)3100

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31 GRANVILLE STREET Summerside, C1N2Y9
31 GRANVILLE STREET
Summerside, C1N2Y9
$299,000201919719
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.19
Living Area: (sq. ft.)3064

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50 LOCKWOOD DRIVE Summerside, C1N 4R5
50 LOCKWOOD DRIVE
Summerside, C1N 4R5
$219,000201919707
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).25
Living Area: (sq. ft.)1231

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1729 PETERS ROAD Montague, C0A1R0
1729 PETERS ROAD
Montague, C0A1R0
$69,900201919655
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)0.68
Living Area: (sq. ft.)1060

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59 WOODLEIGH DRIVE Kensington, C0B1M0
59 WOODLEIGH DRIVE
Kensington, C0B1M0
$97,000201919266
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)0.11
Living Area: (sq. ft.)1642

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248 WALKER AVENUE Summerside, C1N 5 P2
248 WALKER AVENUE
Summerside, C1N 5 P2
$324,900201919191
Bedrooms: 6
Bathrooms: 2.5
Lot Size: acre(s)0.19
Living Area: (sq. ft.)3062

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13 BARCLAY ROAD O
13 BARCLAY ROAD
O
$84,900201919043
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).165
Living Area: (sq. ft.)1600

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310 CENTRAL STREET Summerside, C1N 3M9
310 CENTRAL STREET
Summerside, C1N 3M9
$209,000201918421
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)0.54
Living Area: (sq. ft.)1792

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53 MORRISON LANE New London, C0B1M0
53 MORRISON LANE
New London, C0B1M0
$364,900201918405
Bedrooms: 3
Bathrooms: 2.5
Lot Size: acre(s)1.13
Living Area: (sq. ft.)2592

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115 LADY SLIPPER DRIVE Miscouche, C0B1T0
115 LADY SLIPPER DRIVE
Miscouche, C0B1T0
$169,500201918339
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).28
Living Area: (sq. ft.)1288

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15 ALBION STREET Alberton, C0B1B0
15 ALBION STREET
Alberton, C0B1B0
$119,000201918291
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).1
Living Area: (sq. ft.)878

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1997 ROUTE 10 Cape Traverse, C0B1X0
1997 ROUTE 10
Cape Traverse, C0B1X0
$199,900201918099
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).56
Living Area: (sq. ft.)1700

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33 ROBI ROAD Darnley, C0B 1M0
33 ROBI ROAD
Darnley, C0B 1M0
$234,000201917871
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).56
Living Area: (sq. ft.)

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 ROUTE 113 Ellerslie, C0B1J0
ROUTE 113
Ellerslie, C0B1J0
$29,999201920229
Bedrooms:
Bathrooms:
Lot Size: acre(s)9
Living Area: (sq. ft.)

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Lot 13 CHATEAU LANE Hope River, C0A1E0
Lot 13 CHATEAU LANE
Hope River, C0A1E0
$45,000201920192
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.47
Living Area: (sq. ft.)

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Lot 13 CHATEAU LANE Hope River, C0A1E0
Lot 13 CHATEAU LANE
Hope River, C0A1E0
$45,000201920187
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.47
Living Area: (sq. ft.)

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0 CHATEAU LANE, LOT 12 Hope River, C0A1E0
0 CHATEAU LANE, LOT 12
Hope River, C0A1E0
$22,500201919585
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.17
Living Area: (sq. ft.)

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83 LUPIN LANE Ellerslie-Bideford
83 LUPIN LANE
Ellerslie-Bideford
$49,900201919479
Bedrooms:
Bathrooms:
Lot Size: acre(s).3
Living Area: (sq. ft.)770

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A-12 GRANVILLE ON THE WAT South Granville, C0B1M0
A-12 GRANVILLE ON THE WAT
South Granville, C0B1M0
$129,900201919468
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.67
Living Area: (sq. ft.)

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B-19 NORTH GRANVILLE North Granville, C0A 1E0
B-19 NORTH GRANVILLE
North Granville, C0A 1E0
$43,900201918976
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.36
Living Area: (sq. ft.)

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B-20 NORTH GRANVILLE North Granville, C0A 1E0
B-20 NORTH GRANVILLE
North Granville, C0A 1E0
$41,600201918973
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.27
Living Area: (sq. ft.)

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A-18 NORTH GRANVILLE North Granville, C0A 1E0
A-18 NORTH GRANVILLE
North Granville, C0A 1E0
$41,600201918970
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.16
Living Area: (sq. ft.)

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B-11 NORTH GRANVILLE North Granville, C0A 1E0
B-11 NORTH GRANVILLE
North Granville, C0A 1E0
$57,900201918968
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.12
Living Area: (sq. ft.)

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Lot 34 ARCARDIA LANE Rustico, C0A1X0
Lot 34 ARCARDIA LANE
Rustico, C0A1X0
$79,900201918783
Bedrooms:
Bathrooms:
Lot Size: acre(s)5.15
Living Area: (sq. ft.)

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Lot 20 ARCARDIA LANE Rustico, C0A1X0
Lot 20 ARCARDIA LANE
Rustico, C0A1X0
$139,900201918778
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.20
Living Area: (sq. ft.)

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 MAIN STREET Alberton, C0B1B0
MAIN STREET
Alberton, C0B1B0
$300,000201913574
Bedrooms:
Bathrooms:
Lot Size: acre(s)3.74
Living Area: (sq. ft.)

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311 JENNIFER STREET Summerside, C1n6L4
311 JENNIFER STREET
Summerside, C1n6L4
$230,000201913468
Bedrooms:
Bathrooms:
Lot Size: acre(s).19
Living Area: (sq. ft.)2108

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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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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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20808 TRANS CANADA HIGHWAY Tryon, C0A1J0
20808 TRANS CANADA HIGHWAY
Tryon, C0A1J0
$179,900201911449
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.81
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

Don and Century21 helps first-time PEI Real Estate buyers.

Real Estate TV is here! With it comes a plethora of shows designed to help the real estate buyer and especially the first time real estate buyer to navigate the obstacles of entering the world of home ownership.

The process of making the single biggest purchase of your life can be daunting one. Certainly even a PEI real estate purchase still requires that you go through the same steps as if you were buying a more expensive property in Toronto. The first step Don recommmends is securing a pre-approved mortgage. This means that your bank or financial institution has looked at your finances and determined just how much PEI real estate you can afford. This will create a budget for your PEI real estate search and will ensure that you don’t waste time or fall in love with a PEI real estate listing that you can not afford and it also gives weight to your offer when you find the PEI property that you want to offer on.

Determining property features and finding PEI Real Estate that meets your requirements.

With your finances in order Don will have you make two lists, those features of your new PEI home that are “must haves” and a second list of “would be nice” features. With these in hand Don will search for PEI real estate listings through the MLS system that meet your needs. He will create a short-list of those PEI home and properties that you should visit. You should also check through the internet to establish some knowledge of what is available on the PEI real estate market.

You will begin to visit PEI home on the list and Don suggests that after you see 3 PEI real estate listings that you eliminate at least one. In this way as you see more PEI homes you short-list by removing one from your list. Ulltimately you will have the best two PEI properties on your list and then it is a matter of choosing between them.

You’ve found the PEI Real Estate listing that ticks all the boxes!

Now the hard work begins to secure the purchase of the PEI real estate listing that you have chosen and to get it at the right price. Don suggests avoiding emotional connection with the property as much as possible because should the vendors not negotiate a price you can accept it will be easier to walk away. Generally a fair market offer on any PEI real estate listing is based on comparables, similar PEI real estate that has sold in the area. Don will write your offer and it will be presented to the sellers. They may accept it, reject it, or counter-offer. It is common in negotiating on PEI real estate (as indeed in any real estate market) that there will be a counter-offer. Once again you are free then to accept, reject or counter. So it goes until either a deal is reached or the attempt is abandoned.

Once a deal is reached the rest of the process is carried out by your lawyer. You will need a lawyer with PEI real estate experience working for you. They will perform what is called conveyancing. They will search title, determine the pro-rated portions of oil, taxes etc that you will owe the vendor, as well as preparing the final documents etc. You sign and pick up the keys!

There is a strong rental market on PEI. Many islanders rent their homes and if well treated as tenants they tend to stay for long tenancies. When investing in PEI real estate for rental purposes you should keep in mind the budgets that most renters will be working within. Basically make sure you are buying PEI real estate property that will be priced to allow for less expensive rentals. It is not that the there are not people who will rent larger more expensive PEI homes but they are harder to find. You should purchase PEI real estate in the range of $50,000-100,000 when you are considering becoming a landlord. As you can see from the previous table of home prices even in the lower end of the national real estate values it is possible to extract sufficient equity to make a PEI real estate purchase in this price range after you have bought the PEI home that you will live in.

If the average PEI home purchased for rental and as an investment in PEI real estate were to rent from $500 plus utilities to $800 including utilities then you would be at approx $300 to $400 per month added to your income. In addition you are building equity in the final sale of your PEI real estate holdings. You might consider it possible to add $5 per thousand dollars of investment equity to your retirement income by this means. Before embarking on such a program you should contact a licensed PEI real estate agent such as Don Murphy and Century21 for more information as this is just a basic outline of what the PEI real estate market and an investment in PEI real estate may be able to do for you.

There is something in the PEI real estate market for everyone

The PEI real estate market tends to be split into 2 categories. There is the local market, which consists of permanent residents looking for family homes and then there is the recreational market, consisting in large measure of summer visitors looking to combine vacation and real estate investment. There are however several other categories of PEI real estate purchaser. There is the retiree coming to PEI for the lower PEI real estate prices and the PEI real estate investor who purchases starter homes to rent to fellow islanders. There is also room to combine these ideas into one and move to Prince Edward Island when you retire using the equity in your current home to fund a PEI real estate purchase that is a mix of personal PEI home and investment rentals.

Should you decide to follow this route and you own a home in an area of higher real estate prices such as Toronto or Vancouver where the average prices can be around $400,000 and up, you would be looking for a primary PEI home in the $200,000 range plus the purchase of 3-4 rental homes which would account for the rest of your equity. In this way you have split up your PEI real estate investment into half for personal use and the other half to bring in an income which could be in the range of $2000+ per month. As you can see a PEI real estate investment such as this would provide a place to live and an additional income.

Contact Don

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:902-853-5036
Office (Sside):902-436-2265
Office (Chtown):902-201-9850
Fax:902-436-2687
Toll-free:1-888-701-0021
Email:donm@century21pei.com
629 Water St East, Summerside PE C1N4H8
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