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240 acre waterfront development property Prince Edward Island

May 30, 2018 | Featured PEI Properties for Sale, Featured Videos, Land for Sale in PEI, Saint Nicholas, Videos | 0 comments

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240 acre waterfront development property Prince Edward Island

240 acre waterfront development property with 56 x 88’ utility building complete with living quarters/office space, workshop, and more – fully serviced with electricity, High Speed Internet, septic, and water.

Now is your chance to own the balance of a 240 acre luxury waterfront community appraised at $1,560,000. (attached) and offered to you for only $975,000. Furthermore, this project could not be done today with the current regulations.

This project would cost millions based on the new Transportation and Public Works Standards and can never be done again cost effectively. This amazing project comes with 4 distinct elements: phase 1; the original sub-division of 26 lots (completed in 2006), phase 2; consisting of 20 lots (completed in 2009); Vacant Waterfront Acreage; Parcel “A”; consisting of 61.1 acres west of Strang Road running along the Barnawaugh Creek, Parcel “B”; consisting of 78.9 acres east of Strang Road with waterfront on Sunbury Cove, and Parcel “C”; consisting of 47.2 acres less the area that is utilized by a portion of phase 2 lots.

Transportation Canada has indicated that Parcel “B” would be an excellent location for a small aircraft runway strip, and the balance of the property could suite numerous concepts or kept as large buffer (all surveys are attached). The PEI Government has granted permission for an additional 6 lots+.

Sunbury Cove Estates is only accessible by one very well maintained and upgraded 2 mile road that offers absolute privacy and seclusion. The two extra large parcels could also serve as estates properties, private golf course, walking trails, nature preserve, paddocks, some sort of recreational business, or more.

Views of Confederation Bridge, 2 lighthouses, & windmills. Potential for floating dock. Much more info on Sunburycove.com.

Wow! 24 HOUR A DAY OPEN HOUSE ON VIDEO! Click on the Multimedia Link to view the YouTube video, many more photos, and aerial photographs. Be sure to subscribe!

Price:  $975,000 CDN. (Google Currency Calculator)

(PEIREA MLS ID 201811099)

Documents:

MLS Cutsheet

 Website:

http://sunburycove.com/

 

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Charlottetown (902)626-6912 | Summerside (902)888-8860
Toll Free 1-888-295-6863 | michaelshomes.com | michael@michaelshomes.com
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