St. Michaels Lane

Launching · MLS® 202611081

5 sq ft lot · Land · Vacant Land · 162 days on market

listed by Brad Oliver, BRAD OLIVER REALTY INC.

realtor's description

Perched above picturesque Launching Harbour and Launching Beach, this high and spacious 4.85-acre building lot offers stunning water views and a peaceful coastal setting. The property fronts directly on Launching Pond, creating a unique and scenic backdrop for your future home or cottage retreat. Enjoy watching fishing boats move through the harbour and out to sea while taking in the beauty of Prince Edward Island?s coastline. A beautiful sandy beach is just a short walk away, perfect for swimming, boating, fishing, and long seaside strolls. The property is accessed via St. Michaels Lane with three-season road access, and is ideally located only 15 minutes from the renowned Brudenell and Dundarave Golf Courses. Whether you?re looking to build a seasonal getaway or a tranquil coastal residence, this property offers an exceptional opportunity to enjoy the best of island living.

property details

type: Land, Vacant Land
lot: 5 sq ft
parking: 0
days on market: 162
MLS®: 202611081

monthly cost

$562/mo

Mortgage $562

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$562/ monthly

loan $103,200

25-year amortization

down payment20% · $25,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $65,412
cash to close: $25,800; down payment; transfer tax and fees not included
total paid: $168,612

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