98 Charlie's Lane, South Pinette, PE C1B0T3
South Pinette
Key Facts
Description
Welcome to 98 Charlie's Lane, a charming and well-maintained 3-bedroom, 1-bathroom cottage set on 0.4 acres with 103 feet of private waterfront on the beautiful Pinette River. Whether you're looking for a seasonal retreat, a smart investment property, or a future year-round home, this turn-key cottage offers exceptional value and potential. The home is built on a solid 5-foot concrete foundation, is fully insulated, and features electric baseboard heating, making it comfortable during the spring, summer, and fall?and easily adaptable for year-round living with minimal upgrades. Inside, the cottage is furnished and comes equipped with a fridge, stove, washer, and dryer. The open and inviting layout is perfect for hosting family and friends or relaxing in comfort. Recent exterior upgrades include a durable steel roof, newer vinyl siding, and vinyl windows and doors, offering long-lasting, low-maintenance protection from the elements. Enjoy the outdoors from the wrap-around deck, where you can take in the river views, BBQ, or unwind after a day on the water. A shed provides handy extra storage space for tools, gear, or seasonal items. There is a new water heater (2023) and a UV light. Located just 30 minutes from Charlottetown and 20 minutes from Montague, this cottage provides peaceful riverside living with convenient access to shopping, dining, and local attractions. With a successful track record as an Airbnb rental earning $250 per night, this property is a proven income generator. Property taxes are just $1,406 annually, making ownership both enjoyable and affordable. Don't miss this opportunity to own a slice of PEI waterfront paradise?perfect for personal enjoyment, rental income, or both. (id:31684)
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Cottage / Camp
Year Built
1994
Lot Size
0.40 acres
Ownership
Freehold
Listing #
202615253
Property Features
Heating
Flooring
Lot Features
Sewer
Rooms
- Bathroom 15. X 9.5Main
- Bedroom 19.10 X 9.8Main
- Bedroom 29. X 6.8Main
- Bedroom 37.8 X 6.2Main
- Kitchen17.6 X 10.Main
- Living Room17.6 X 9.4Main
Affordability Calculator
$49,500
Estimated monthly payment
$1,317/mo
Principal $198,000 · Est. interest $276,228 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in South Pinette, PE
- CA$400,000
- Median Listing Price
- 42
- Median Days on Market
- 8
- Active Listings
- This home’s price is 38% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in South Pinette, PE.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 87 Pinette Road, Pinette, PE | CA$269,000 | 2 | 1 | — |
| 103 562 Malpeque Road, Winsloe South, PE | CA$299,000 | 2 | 2 | — |
Moving Cost Estimate
Listing Courtesy: ROYAL LEPAGE PRINCE EDWARD REALTY
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