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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
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Come back here regularly to see our NEWEST LISTINGS.

63 RED FOX LANE Darnley, C0B 1M0
63 RED FOX LANE
Darnley, C0B 1M0
$169,900201911721
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)0.38
Living Area: (sq. ft.)936

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22 KENZIE MYERS AVENUE Summerside, C1N0G8
22 KENZIE MYERS AVENUE
Summerside, C1N0G8
$109,000201911668
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)
Living Area: (sq. ft.)1184

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206 HIGHVIEW North Bedeque, C1N4J9
206 HIGHVIEW
North Bedeque, C1N4J9
$427,900201911652
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).17
Living Area: (sq. ft.)2284

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16 LINKLETTER ESTATES Summerside, C1N4B2
16 LINKLETTER ESTATES
Summerside, C1N4B2
$62,000201911508
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)
Living Area: (sq. ft.)1120

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296 VILLET POINT Hampton, C0A1J0
296 VILLET POINT
Hampton, C0A1J0
$169,000201911477
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)0.64
Living Area: (sq. ft.)1400

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19  JOHNSTON STREET Summerside, C1N 2S4
19 JOHNSTON STREET
Summerside, C1N 2S4
$149,900201911452
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)0.092
Living Area: (sq. ft.)484

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20798 TCH Tryon, C0A1J0
20798 TCH
Tryon, C0A1J0
$129,900201911365
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.51
Living Area: (sq. ft.)1050

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20798 TCH Tryon, C0A1J0
20798 TCH
Tryon, C0A1J0
$129,900201911351
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)1.51
Living Area: (sq. ft.)1050

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165 RANCHVIEW AVENUE Summerside, C1N1Z6
165 RANCHVIEW AVENUE
Summerside, C1N1Z6
$130,000201911300
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s).10
Living Area: (sq. ft.)1144

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5485 ROUTE 11 Union Corner, C0B2B0
5485 ROUTE 11
Union Corner, C0B2B0
$150,000201911259
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).58
Living Area: (sq. ft.)1410

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349 ARGYLE STREET Summerside, C1N1Y8
349 ARGYLE STREET
Summerside, C1N1Y8
$189,000201911234
Bedrooms: 4
Bathrooms: 3
Lot Size: acre(s).13
Living Area: (sq. ft.)1533

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139 HARVARD STREET Summerside, C1N1R5
139 HARVARD STREET
Summerside, C1N1R5
$80,000201911224
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).097
Living Area: (sq. ft.)1085

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80 CHAISSON ROAD St. Edwards,  C0B 1Z0
80 CHAISSON ROAD
St. Edwards, C0B 1Z0
$84,900201911211
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)1.17
Living Area: (sq. ft.)840

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462 MAIN STREET O'Leary, C0B 1V0
462 MAIN STREET
O'Leary, C0B 1V0
$259,900201910800
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).97
Living Area: (sq. ft.)1984

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222 CARLETON ST Borden, Carleton C0B1X0
222 CARLETON ST
Borden, Carleton C0B1X0
$84,900201910711
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s)
Living Area: (sq. ft.)1200

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227 FOUNDRY STREET Summerside, C1N1E8
227 FOUNDRY STREET
Summerside, C1N1E8
$164,900201910480
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.09
Living Area: (sq. ft.)1349

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381 ST. NICHOLAS ROAD Miscouche, C1A 7N8
381 ST. NICHOLAS ROAD
Miscouche, C1A 7N8
$139,900201910463
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)20.24
Living Area: (sq. ft.)1030

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51 LAKEVIEW DRIVE Cornwall, C0B1H0
51 LAKEVIEW DRIVE
Cornwall, C0B1H0
$275,000201910457
Bedrooms: 5
Bathrooms: 3
Lot Size: acre(s)0.22
Living Area: (sq. ft.)1750

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2316 MIDDLETON ROAD Middleton, C0B1N0
2316 MIDDLETON ROAD
Middleton, C0B1N0
$199,000201910444
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s)2.62
Living Area: (sq. ft.)2057

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3907  UNION ROAD, ROUTE 15 St. Edwards,  C0B 1Z0
3907 UNION ROAD, ROUTE 15
St. Edwards, C0B 1Z0
$92,500201910436
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)21 Acres
Living Area: (sq. ft.)825

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267 PHILLIP STREET Tignish, C0B2B0
267 PHILLIP STREET
Tignish, C0B2B0
$95,000201910291
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s).57
Living Area: (sq. ft.)1630

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1749 ROUTE 12 Central Lot 16, C1N 1R6
1749 ROUTE 12
Central Lot 16, C1N 1R6
$139,900201910209
Bedrooms: 2
Bathrooms:
Lot Size: acre(s)4 Acres
Living Area: (sq. ft.)3136

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1749 ROUTE 12 Central Lot 16, C1N 1R6
1749 ROUTE 12
Central Lot 16, C1N 1R6
$159,900201910203
Bedrooms: 6
Bathrooms: 2
Lot Size: acre(s)12 Acres
Living Area: (sq. ft.)

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103 SUMMER STREET Summerside, C1N3J3
103 SUMMER STREET
Summerside, C1N3J3
$339,900201910145
Bedrooms: 5
Bathrooms: 4
Lot Size: acre(s)0.18
Living Area: (sq. ft.)2246

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Lot 12 SOUTHWEST DRIVE Clinton C0A 1M0
Lot 12 SOUTHWEST DRIVE
Clinton C0A 1M0
$45,999201911683
Bedrooms:
Bathrooms:
Lot Size: acre(s).67
Living Area: (sq. ft.)

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0 PLOVER LANE Darnley, C0B 1M0
0 PLOVER LANE
Darnley, C0B 1M0
$23,900201910416
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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0 PLOVERS LANE Darnley, C0B 1M0
0 PLOVERS LANE
Darnley, C0B 1M0
$23,900201910407
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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0 DARNLEY BASIN LANE Darnley, C0B 1M0
0 DARNLEY BASIN LANE
Darnley, C0B 1M0
$17,900201910397
Bedrooms:
Bathrooms:
Lot Size: acre(s).45
Living Area: (sq. ft.)

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Lot 5 ROUTE 19 Cornwall, C0B1H0
Lot 5 ROUTE 19
Cornwall, C0B1H0
$33,500201910312
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.145
Living Area: (sq. ft.)

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Lot 4 ROUTE 19 Cornwall, C0B1H0
Lot 4 ROUTE 19
Cornwall, C0B1H0
$34,900201910308
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.1
Living Area: (sq. ft.)

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Lot 3 ROUTE 19 Cornwall, C0B1H0
Lot 3 ROUTE 19
Cornwall, C0B1H0
$44,500201910300
Bedrooms:
Bathrooms:
Lot Size: acre(s)2.559
Living Area: (sq. ft.)

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 FORTUNE COVE Fortune Cove, C0B1V0
FORTUNE COVE
Fortune Cove, C0B1V0
$14,900201909734
Bedrooms:
Bathrooms:
Lot Size: acre(s).27
Living Area: (sq. ft.)

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Lot 49 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 49 CAMPBELLS WAY
Cape Traverse, C0B1X0
$179,900201909028
Bedrooms:
Bathrooms:
Lot Size: acre(s).76
Living Area: (sq. ft.)

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 MILL RIVER EAST ROAD Brooklyn, C0B1B0
MILL RIVER EAST ROAD
Brooklyn, C0B1B0
$17,500201908770
Bedrooms:
Bathrooms:
Lot Size: acre(s).80
Living Area: (sq. ft.)

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Lot 51 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 51 CAMPBELLS WAY
Cape Traverse, C0B1X0
$55,900201908757
Bedrooms:
Bathrooms:
Lot Size: acre(s).86
Living Area: (sq. ft.)

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 BROOKINS DRIVE Kensington, C0B1M0
BROOKINS DRIVE
Kensington, C0B1M0
$37,900201908724
Bedrooms:
Bathrooms:
Lot Size: acre(s).3
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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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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64 MEMORY LANE Fortune Cove C0B1V0
64 MEMORY LANE
Fortune Cove C0B1V0
$395,000201821484
Bedrooms:
Bathrooms:
Lot Size: acre(s)12.07
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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