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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.

399 MAPLE STREET Summerside, C1N 2H5
399 MAPLE STREET
Summerside, C1N 2H5
$185,000201919287
Bedrooms: 4
Bathrooms: 2
Lot Size: acre(s)0.18
Living Area: (sq. ft.)1460

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11 BLAKE LANE Summerside, C1N 4T1
11 BLAKE LANE
Summerside, C1N 4T1
$60,000201917774
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)Rented
Living Area: (sq. ft.)812

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22 SHAMROCK CRESCENT Kinkora, C0B1N0
22 SHAMROCK CRESCENT
Kinkora, C0B1N0
$239,000201917749
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).3
Living Area: (sq. ft.)1868

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41 FRANCIS LANE Cape Traverse, C0B1X0
41 FRANCIS LANE
Cape Traverse, C0B1X0
$179,900201917719
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)0.28
Living Area: (sq. ft.)576

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375  NOTRE DAME STREET Summerside, C1N 1S6
375 NOTRE DAME STREET
Summerside, C1N 1S6
$159,500201917666
Bedrooms: 3
Bathrooms: 1.5
Lot Size: acre(s).12
Living Area: (sq. ft.)1060

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314 HIGHLAND AVENUE Summerisde, C1N 2M3
314 HIGHLAND AVENUE
Summerisde, C1N 2M3
$179,000201917654
Bedrooms: 5
Bathrooms: 2
Lot Size: acre(s)0.225
Living Area: (sq. ft.)1705

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359 TAYLOR ROAD Wilmot, C1N4J9
359 TAYLOR ROAD
Wilmot, C1N4J9
$239,000201917586
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)1.7
Living Area: (sq. ft.)1914

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9 CENTER LANE Chelton, C0B 1C0
9 CENTER LANE
Chelton, C0B 1C0
$234,900201917377
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).27
Living Area: (sq. ft.)943

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209 ARCONA STREET Summerside, C1N2W5
209 ARCONA STREET
Summerside, C1N2W5
$124,500201917358
Bedrooms: 3
Bathrooms: 1.5
Lot Size: acre(s).154
Living Area: (sq. ft.)807

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1925 MILL ROAD Lower Freetown, CoB1L0
1925 MILL ROAD
Lower Freetown, CoB1L0
$249,900201917276
Bedrooms: 5
Bathrooms: 5
Lot Size: acre(s).59
Living Area: (sq. ft.)2550

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419 WATER STREET Summerside, C1N1C8
419 WATER STREET
Summerside, C1N1C8
$349,000201917215
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s).52
Living Area: (sq. ft.)1541

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194 RIVERBEND LANE North Granville, C0B1X0
194 RIVERBEND LANE
North Granville, C0B1X0
$675,000201917196
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s)1.44
Living Area: (sq. ft.)3238

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419 WATER STREET Summerside, C1N 1C8
419 WATER STREET
Summerside, C1N 1C8
$349,000201917119
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s).52
Living Area: (sq. ft.)1541

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194 RIVERBEND LANE North Granville, C0B1X0
194 RIVERBEND LANE
North Granville, C0B1X0
$675,000201917093
Bedrooms: 3
Bathrooms: 3
Lot Size: acre(s)1.44
Living Area: (sq. ft.)3238

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165 BELMONT STREET Summerside, C1N 1K1
165 BELMONT STREET
Summerside, C1N 1K1
$209,000201917077
Bedrooms: 4
Bathrooms: 1
Lot Size: acre(s).17
Living Area: (sq. ft.)2520

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32812 WESTERN ROAD Springhill, C0B2C0
32812 WESTERN ROAD
Springhill, C0B2C0
$219,000201916996
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)10.01
Living Area: (sq. ft.)2211

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30 MARIE ROAD Mont Carmel, C0B 2E0
30 MARIE ROAD
Mont Carmel, C0B 2E0
$105,900201916885
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s).34
Living Area: (sq. ft.)1069

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2002 MALPEQUE ROAD Malpeque, C0B1M0
2002 MALPEQUE ROAD
Malpeque, C0B1M0
$178,000201916729
Bedrooms: 2
Bathrooms: 2
Lot Size: acre(s)1.84
Living Area: (sq. ft.)1.84

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1732 UNIONVALE Unionvale, C0B1V0
1732 UNIONVALE
Unionvale, C0B1V0
$85,900201916603
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s).727
Living Area: (sq. ft.)1134

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39 PINE DRIVE Cascumpec, C0B 1V0
39 PINE DRIVE
Cascumpec, C0B 1V0
$189,900201916534
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s).48
Living Area: (sq. ft.)864

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482 MACEWEN ROAD Summerside, C1N6E9
482 MACEWEN ROAD
Summerside, C1N6E9
$84,500201916310
Bedrooms: 2
Bathrooms: 1
Lot Size: acre(s)N/A
Living Area: (sq. ft.)

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151 BEARISTO  Darnley, C0B 1M0
151 BEARISTO
Darnley, C0B 1M0
$224,900201916167
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).43
Living Area: (sq. ft.)1120

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75 SWEET PEA LANE Darnley, C0B 1M0
75 SWEET PEA LANE
Darnley, C0B 1M0
$229,900201916083
Bedrooms: 3
Bathrooms: 2
Lot Size: acre(s).77
Living Area: (sq. ft.)1092

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11217 ROUTE 6 Clinton C0B 1M0
11217 ROUTE 6
Clinton C0B 1M0
$130,000201916066
Bedrooms: 3
Bathrooms: 1
Lot Size: acre(s)1.23
Living Area: (sq. ft.)1110

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19073 TRANS CANADA HIGHWAY Hampton, C0B1X0
19073 TRANS CANADA HIGHWAY
Hampton, C0B1X0
$119,900201917798
Bedrooms:
Bathrooms:
Lot Size: acre(s).60
Living Area: (sq. ft.)

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1129 ROUTE 152 Huntley, C0B1B0
1129 ROUTE 152
Huntley, C0B1B0
$59,900201917373
Bedrooms:
Bathrooms:
Lot Size: acre(s)6.73
Living Area: (sq. ft.)

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 AUCOIN LANE Mont Carmel, C0B 2E0
AUCOIN LANE
Mont Carmel, C0B 2E0
$24,900201917347
Bedrooms:
Bathrooms:
Lot Size: acre(s)0.36
Living Area: (sq. ft.)

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 AUCOIN LANE Mont Carmel, C0B 2E0
AUCOIN LANE
Mont Carmel, C0B 2E0
$24,900201917344
Bedrooms:
Bathrooms:
Lot Size: acre(s)
Living Area: (sq. ft.)

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 NORTH MARKET STREET Summerside,C1N 1L5
NORTH MARKET STREET
Summerside,C1N 1L5
$12,500201917257
Bedrooms:
Bathrooms:
Lot Size: acre(s)0.112
Living Area: (sq. ft.)

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57-60 CAMPBELLS WAY Cape Traverse, C0B1X0
57-60 CAMPBELLS WAY
Cape Traverse, C0B1X0
$349,000201917172
Bedrooms:
Bathrooms:
Lot Size: acre(s)8 Acres
Living Area: (sq. ft.)

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Lot 32 CURTIS DRIVE Kelvin Grove, C0B1M0
Lot 32 CURTIS DRIVE
Kelvin Grove, C0B1M0
$29,000201916844
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.0
Living Area: (sq. ft.)

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Lot 31 CURTIS DRIVE Kelvin Grove, C0B1M0
Lot 31 CURTIS DRIVE
Kelvin Grove, C0B1M0
$29,000201916836
Bedrooms:
Bathrooms:
Lot Size: acre(s)1.17
Living Area: (sq. ft.)

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Lot 26 SUNNYSIDE DRIVE Long River, C0A 1M0
Lot 26 SUNNYSIDE DRIVE
Long River, C0A 1M0
$34,900201916749
Bedrooms:
Bathrooms:
Lot Size: acre(s)0.29
Living Area: (sq. ft.)

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Lot 25 SUNNYSIDE DRIVE Long River, C0A 1M0
Lot 25 SUNNYSIDE DRIVE
Long River, C0A 1M0
$39,900201916738
Bedrooms:
Bathrooms:
Lot Size: acre(s)0.32
Living Area: (sq. ft.)

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Lot 23 CAMPBELLS WAY Cape Traverse, C0B1X0
Lot 23 CAMPBELLS WAY
Cape Traverse, C0B1X0
$139,000201916043
Bedrooms:
Bathrooms:
Lot Size: acre(s).72
Living Area: (sq. ft.)

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173 SEAWOOD DRIVE Stanley Bridge, C0B1M0
173 SEAWOOD DRIVE
Stanley Bridge, C0B1M0
$19,500201915061
Bedrooms:
Bathrooms:
Lot Size: acre(s).30
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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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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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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