Buell

Mermaid · MLS® 202612864

3 sq ft lot · Land · Vacant Land · 145 days on market

listed by Nicholas Reeves, PEIAGENTS REALTY INC.

realtor's description

Discover the potential of this beautiful 2.51-acre waterfront property on Buell Road in the sought-after community of Mermaid. Offering a peaceful setting with approximately 2.51 acres of land, this vacant parcel presents an excellent opportunity to build your dream home, seasonal retreat, or investment property. Enjoy the privacy of a naturally treed landscape while taking in picturesque water views and direct shoreline access. Conveniently located just minutes from Stratford and Charlottetown, you?ll appreciate the perfect balance of rural tranquility and easy access to schools, shopping, restaurants, and other amenities. Whether you?re looking to create your own waterfront oasis or invest in a desirable piece of PEI real estate, this property offers endless possibilities.

property details

type: Land, Vacant Land
lot: 3 sq ft
parking: 0
property tax: $250 / yr
days on market: 145
MLS®: 202612864

features

Treed
Partially cleared
Conservation/green belt

monthly cost

$1,023/mo

Mortgage $1,002 · Tax $21

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,002/ monthly

loan $184,000

25-year amortization

down payment20% · $46,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $116,626
cash to close: $46,000; down payment; transfer tax and fees not included
total paid: $300,626

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.