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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.

MY AWARDS



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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.

1059 BELMONT ROAD Belmont C0B1T0
1059 BELMONT ROAD
Belmont C0B1T0
$219,000201926979
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).9
Living Area: (sq. ft.)1600

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11 SHAMROCK CR. Kinkora, C0B1N0
11 SHAMROCK CR.
Kinkora, C0B1N0
$299,500201926886
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s).32
Living Area: (sq. ft.)2000

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74 HEATHER AVENUE Charlottetown C1N8H2
74 HEATHER AVENUE
Charlottetown C1N8H2
$269,900201926702
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)0.18
Living Area: (sq. ft.)1358

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6678 ROUTE 19 Canoe Cove C0A1H7
6678 ROUTE 19
Canoe Cove C0A1H7
$349,900201926696
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)4.05
Living Area: (sq. ft.)1259

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228 CENTRAL STREET Summerside, C1N3M3
228 CENTRAL STREET
Summerside, C1N3M3
$489,900201926234
Bedrooms: 4
Bathrooms: 5
Lot Size: acre(s)0.64
Living Area: (sq. ft.)3900

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93 ST. CATHERINES  Souris, C0A 2B0
93 ST. CATHERINES
Souris, C0A 2B0
$205,000201926208
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)1
Living Area: (sq. ft.)1400

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6221 ROUTE 11 Mont Carmel, C0B 2E0
6221 ROUTE 11
Mont Carmel, C0B 2E0
$325,000201926073
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)4.3
Living Area: (sq. ft.)1555

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138 RIVERBEND LANE Stanley Bridge, C0A1
138 RIVERBEND LANE
Stanley Bridge, C0A1
$499,000201925868
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s)1.13
Living Area: (sq. ft.)2624

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125 HERON DRIVE Summerside C1N5S2
125 HERON DRIVE
Summerside C1N5S2
$389,000201925757
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s).45
Living Area: (sq. ft.)2584

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6049 ROUTE 12 Port HIll C0B2C0
6049 ROUTE 12
Port HIll C0B2C0
$179,900201925338
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)2 Ac
Living Area: (sq. ft.)1625

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2141 ROUTE 112 Bedeque, C0B1C0
2141 ROUTE 112
Bedeque, C0B1C0
$146,900201925270
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s).75
Living Area: (sq. ft.)1388

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90 CAMPBELLS WAY Cape Traverse C0B1X0
90 CAMPBELLS WAY
Cape Traverse C0B1X0
$299,000201925046
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.05
Living Area: (sq. ft.)1680

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100 BERNARD AVENUE Summerside, C1N6H7
100 BERNARD AVENUE
Summerside, C1N6H7
$565,000201924970
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s).43
Living Area: (sq. ft.)2460

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100 SMALL AVENUE Summerside, C1N4V7
100 SMALL AVENUE
Summerside, C1N4V7
$199,900201924719
Bedrooms: 5
Bathrooms: 2
Lot Size: acre(s).28
Living Area: (sq. ft.)2680

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438 MAIN STREET O'Leary, C0B 1V0
438 MAIN STREET
O'Leary, C0B 1V0
$99,900201924379
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).55
Living Area: (sq. ft.)1554

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87 ANDERSON ROAD Kinkora, C0B1N0
87 ANDERSON ROAD
Kinkora, C0B1N0
$199,900201923920
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)0.85
Living Area: (sq. ft.)1070

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467 SOUTH DRIVE Summerside C1N3Z5
467 SOUTH DRIVE
Summerside C1N3Z5
$145,000201923826
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).2
Living Area: (sq. ft.)785

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44 MACDONALDS SHORE West Point, C0B1V0
44 MACDONALDS SHORE
West Point, C0B1V0
$85,000201923738
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).34
Living Area: (sq. ft.)784

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9 BLUE HERON LANE Grand River, C0B 1T0
9 BLUE HERON LANE
Grand River, C0B 1T0
$498,500201923678
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.79
Living Area: (sq. ft.)1560

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3187 GRAHAMS ROAD Kensington, C0B1M0
3187 GRAHAMS ROAD
Kensington, C0B1M0
$179,900201923582
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)4.65
Living Area: (sq. ft.)1209

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4615 ROUTE 20 Park Corner, C0B 1M0
4615 ROUTE 20
Park Corner, C0B 1M0
$849,000201923487
Bedrooms: 7
Bathrooms: 7
Lot Size: acre(s)4 Ac
Living Area: (sq. ft.)3000

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41 CARROL STREET Alberton C0B1B0
41 CARROL STREET
Alberton C0B1B0
$99,000201923433
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).78
Living Area: (sq. ft.)1260

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90 CAMPBELLS WAY Cape Traverse C0B1X0
90 CAMPBELLS WAY
Cape Traverse C0B1X0
$345,000201923213
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.05
Living Area: (sq. ft.)1680

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459 MAIN STREET O'Leary C0B1C0
459 MAIN STREET
O'Leary C0B1C0
$39,900201922199
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).25
Living Area: (sq. ft.)1360

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 CASCUMPEC ROAD Cascumpec C0B 1B0
CASCUMPEC ROAD
Cascumpec C0B 1B0
$24,900201925887
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.99
Living Area: (sq. ft.)

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 ROUTE 6  Clinton C0B 1M0
ROUTE 6
Clinton C0B 1M0
$525,000201924980
Bedrooms:
Bathrooms:
Lot Size: acre(s)14.9
Living Area: (sq. ft.)

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69 HARVARD STREET Summerside, C1N4K2
69 HARVARD STREET
Summerside, C1N4K2
$75,000201924072
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.5
Living Area: (sq. ft.)

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 WILDFLOWER LANE Darnley, C0B 1M0
WILDFLOWER LANE
Darnley, C0B 1M0
$21,900201923863
Bedrooms:
Bathrooms:
Lot Size: acre(s).34
Living Area: (sq. ft.)

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 MACKENZIE DRIVE  Summerside C1N4J9
MACKENZIE DRIVE
Summerside C1N4J9
$79,000201923451
Bedrooms:
Bathrooms:
Lot Size: acre(s)Vary
Living Area: (sq. ft.)

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 LYMAN LEARD LANE Cascumpec C0B 1V0
LYMAN LEARD LANE
Cascumpec C0B 1V0
$19,900201922423
Bedrooms:
Bathrooms:
Lot Size: acre(s).47
Living Area: (sq. ft.)

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46 CAMPBELLS WAY Cape Traverse C0B1X0
46 CAMPBELLS WAY
Cape Traverse C0B1X0
$55,000201922281
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.54
Living Area: (sq. ft.)

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 CASCUMPEC Cascumpec C0B 1V0
CASCUMPEC
Cascumpec C0B 1V0
$18,900201922227
Bedrooms:
Bathrooms:
Lot Size: acre(s).31
Living Area: (sq. ft.)

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7/8 RAYS LANE Desable C0A1J0
7/8 RAYS LANE
Desable C0A1J0
$66,900201921981
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.3
Living Area: (sq. ft.)

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Lot 8 RAYS LANE Desable C0A1J0
Lot 8 RAYS LANE
Desable C0A1J0
$369,000201921963
Bedrooms:
Bathrooms:
Lot Size: acre(s).72
Living Area: (sq. ft.)

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42 KING STREET Malpeque, C0B1M0
42 KING STREET
Malpeque, C0B1M0
$259,900201924810
Bedrooms:
Bathrooms:
Lot Size: acre(s)1
Living Area: (sq. ft.)

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 MAIN STREET Alberton, C0B1B0
MAIN STREET
Alberton, C0B1B0
$270,000201913574
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.31
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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12 WEST ST Charlottetown C1A3S4
12 WEST ST
Charlottetown C1A3S4
$1,599,000201821056
Bedrooms:
Bathrooms:
Lot Size: acre(s).37
Living Area: (sq. ft.)7720

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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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