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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
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.

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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105 BAYSIDE ROAD Summerside, C1N 4J9
105 BAYSIDE ROAD
Summerside, C1N 4J9
$385,000201908114
Bedrooms: 5
Bathrooms: 3
Lot Size: acre(s).36
Living Area: (sq. ft.)2444

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1510 SCALES POND ROAD Newton, C0B1L0
1510 SCALES POND ROAD
Newton, C0B1L0
$139,900201907913
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.16
Living Area: (sq. ft.)1800

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60  MOORE ROAD Victoria West, C0B1B0
60 MOORE ROAD
Victoria West, C0B1B0
$349,000201907772
Bedrooms: 6
Bathrooms: 4
Lot Size: acre(s).45
Living Area: (sq. ft.)4620

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138 RIVERBEND LANE Stanley Bridge, C0A1E0
138 RIVERBEND LANE
Stanley Bridge, C0A1E0
$499,000201906981
Bedrooms: 4
Bathrooms: 4
Lot Size: acre(s)1.13
Living Area: (sq. ft.)2624

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125 CAMPBELLS WAY Cape Traverse, C0B1X0
125 CAMPBELLS WAY
Cape Traverse, C0B1X0
$364,900201906940
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)1
Living Area: (sq. ft.)1860

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127 TERRY BOYLAN ROAD Coleman, C0B 1H0
127 TERRY BOYLAN ROAD
Coleman, C0B 1H0
$79,900201906820
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)49 Acres
Living Area: (sq. ft.)850

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15028 ROUTE 114 Nail Pond, C0B 2B0
15028 ROUTE 114
Nail Pond, C0B 2B0
$159,000201906757
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).65
Living Area: (sq. ft.)1010

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247 CHURCH STREET Tignish
247 CHURCH STREET
Tignish
$189,000201906555
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).5
Living Area: (sq. ft.)1908

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246 CENTRAL STREET Summerside C1N 3M4
246 CENTRAL STREET
Summerside C1N 3M4
$429,000201906388
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s)0.2
Living Area: (sq. ft.)1938

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996 WILMOT ROAD RTE 120 Summerside, C1N4J9
996 WILMOT ROAD RTE 120
Summerside, C1N4J9
$269,900201906278
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s)1.6
Living Area: (sq. ft.)2100

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5751  ROUTE 11 Mont Carmel, C0B 2E0
5751 ROUTE 11
Mont Carmel, C0B 2E0
$179,900201906146
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)
Living Area: (sq. ft.)1438

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2 SPRUCE STREET Charlottetown, C1A 3G6
2 SPRUCE STREET
Charlottetown, C1A 3G6
$349,000201905604
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).165
Living Area: (sq. ft.)1875

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37 RIVERVIEW DRIVE Cascumpec, C0B 1B0
37 RIVERVIEW DRIVE
Cascumpec, C0B 1B0
$299,900201905592
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s).58
Living Area: (sq. ft.)2830

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4324 O'LEARY ROAD Springfield West, C0B 1V0
4324 O'LEARY ROAD
Springfield West, C0B 1V0
$133,900201905330
Bedrooms: 5
Bathrooms: 3
Lot Size: acre(s)0.56
Living Area: (sq. ft.)2898

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1711 HALIBURTON ROAD Springfield West, C0B 1V0
1711 HALIBURTON ROAD
Springfield West, C0B 1V0
$125,000201905117
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)1.29
Living Area: (sq. ft.)1456

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43 RED FOX LANE Darnley, C0B 1M0
43 RED FOX LANE
Darnley, C0B 1M0
$142,500201904887
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).42
Living Area: (sq. ft.)768

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2632 FREETOWN ROAD Springfield, C0B 1M0
2632 FREETOWN ROAD
Springfield, C0B 1M0
$427,500201904872
Bedrooms: 5
Bathrooms: 3
Lot Size: acre(s)2.42
Living Area: (sq. ft.)3144

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366 CONWAY ROAD Conway, C0B 1J0
366 CONWAY ROAD
Conway, C0B 1J0
$127,500201904856
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)2 Acres
Living Area: (sq. ft.)1024

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24 FIFTEEN POINT ROAD Mont Carmel, C0B 2E0
24 FIFTEEN POINT ROAD
Mont Carmel, C0B 2E0
$142,900201904787
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)0.43
Living Area: (sq. ft.)1848

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19 TRACY AVENUE North Carleton, C0B 1A0
19 TRACY AVENUE
North Carleton, C0B 1A0
$429,900201904669
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s).47
Living Area: (sq. ft.)2776

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53 MILL ROAD Wellington, C0B 2E0
53 MILL ROAD
Wellington, C0B 2E0
$89,500201904480
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s).028
Living Area: (sq. ft.)1923

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1288 CALLBECK STREET Bedeque, C0B1C0
1288 CALLBECK STREET
Bedeque, C0B1C0
$229,900201904399
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).25
Living Area: (sq. ft.)2264

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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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Lot 52 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 52 CAMPBELLS WAY
Cape Traverse, C0B1X0
$55,900201908039
Bedrooms:
Bathrooms:
Lot Size: acre(s).91
Living Area: (sq. ft.)

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 EAGLES VIEW LANE Malpeque, C0B1M0
EAGLES VIEW LANE
Malpeque, C0B1M0
$19,500201908018
Bedrooms:
Bathrooms:
Lot Size: acre(s).94
Living Area: (sq. ft.)

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Lot 38 DAISY COURT Chelton, C0B1A0
Lot 38 DAISY COURT
Chelton, C0B1A0
$34,900201908016
Bedrooms:
Bathrooms:
Lot Size: acre(s).31
Living Area: (sq. ft.)

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Lot 37 DAISY COURT Chelton, C0B1A0
Lot 37 DAISY COURT
Chelton, C0B1A0
$34,900201908008
Bedrooms:
Bathrooms:
Lot Size: acre(s).29
Living Area: (sq. ft.)

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44 COLLEGE STREET Alberton, C0B1B0
44 COLLEGE STREET
Alberton, C0B1B0
$74,900201907986
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.48
Living Area: (sq. ft.)1792

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 ST. ROCH St. Roch, C0B 2B0
ST. ROCH
St. Roch, C0B 2B0
$23,500201907984
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.47
Living Area: (sq. ft.)

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 ST. ROCH St. Roch, C0B 2B0
ST. ROCH
St. Roch, C0B 2B0
$21,500201907982
Bedrooms:
Bathrooms:
Lot Size: acre(s).69
Living Area: (sq. ft.)

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 ST. MARYS ROAD Stanley Bridge, C1N 5P3
ST. MARYS ROAD
Stanley Bridge, C1N 5P3
$29,900201907810
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.24, 1.1,
Living Area: (sq. ft.)

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Lot 37 CAMDEN COURT Stanley Bridge, C0A1E0
Lot 37 CAMDEN COURT
Stanley Bridge, C0A1E0
$29,900201907782
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.35
Living Area: (sq. ft.)

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Lot 2 MACWILLIAMS LANE Cape Traverse, C0B1X0
Lot 2 MACWILLIAMS LANE
Cape Traverse, C0B1X0
$40,000201907525
Bedrooms:
Bathrooms:
Lot Size: acre(s).34
Living Area: (sq. ft.)

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Lots 51 & 52 CAMPBELLS WAY Cape Traverse, C0B1X0
Lots 51 & 52 CAMPBELLS WAY
Cape Traverse, C0B1X0
$99,900201907494
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.77
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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 MORELL Morell, C0A 1S0
MORELL
Morell, C0A 1S0
$35,000201901739
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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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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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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