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Renanza Realty
For sale

174 Pickles Lane

Stratford, Prince Edward Island

MLS® 202523862

$2,250,000

Status
Active
Property type
Agriculture
MLS® number
202523862
Bedrooms
2
Bathrooms
3
Year built
2015

Listing description

Nestled in the heart of Alexandra, Prince Edward Island, lies a remarkable investment opportunity for individuals seeking to capitalize on the region's commercial potential. This expansive 125-acre mixed-use property offers a canvas of development possibilities, combining modern office spaces, residential comfort, and agricultural utility, all in one comprehensive package. Constructed in 2014 with a recent office extension in March 2020, the main building complex spans nearly 11,000 square feet and includes a luxurious owner's living unit.

The property boasts additional land ready for future development, supplemented by outbuildings such as a 7,200-square-foot heated indoor riding arena, an equipment shed, and a multifunctional shop/garage. The property presents a picturesque rural setting with minimal area commercial development, ensuring privacy and serenity. Its long access lane leads to an elevated position with breathtaking water views of Pownal Bay, setting the stage for a tranquil yet strategic investment locale.

Approximately 7 acres of meticulously fenced paddock areas, as well as walking and riding trails, provide a pastoral charm that complements the commercial prospects of the site. The potential for future expansion is considerable, with a large site area designated for development. The current setup allows for a variety of uses?

be it maintaining the equestrian facilities or repurposing the extensive square footage for alternative enterprises. This unique property, situated within a stone's throw from Stratford and the capital city of Charlottetown, is a rare find. It offers investors quality assets with reuse and redevelopment potential in a sought-after area of the province.

Lots of potential for a buyer that could tailor the facility, land, and infrastructure to a variety of uses, capitalizing on its strategic location and the privacy provided by its 0. 85 km laneway from Pownal Road.

Property summary

MLS® number
202523862
Property type
Agriculture
Title
Freehold
Land size
125.39 acres
Built in
2015
Annual property taxes
$18,073.31
Parking
Detached Garage, Parking Space(s), Gravel
Days on market
349 days

Features & details

Basement
None
Flooring
Concrete, Other
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior features
Vinyl
Lot features
Paved driveway
View
Ocean view
Architectural style
None

What would this home cost you?

Based on the $2,250,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$10,469 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX CHARLOTTETOWN REALTY, CHARLOTTETOWN.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.