4827 Trans Canada Highway
PEIA · C0A1A0
$797,000
About this residence
Opportunities like this are truly rare. This Motel & Cottages business, in operation for over 40 years, features 19 rental units along with a beautifully designed five-bedroom home on more than three acres, offered at only $799K and ideally located just minutes from the Point Prim Lighthouse, 18 minutes from the Wood Islands Ferry, and 30 minutes from downtown Charlottetown. The main house includes an upper level with a kitchen, dining room, living room, three bedrooms, and a full bath, while the lower level - with its own kitchen, living room, full bath, and two bedrooms - can be rented out for additional income. The property includes 11 cottages and 8 motel units; nine cottages are two-bedroom units with full kitchens, and the remaining two are one-bedroom units with kitchens. Recent upgrades include roof work on the main house and several units (Units 1, 3, 4, 5, 6, 8, and 9) completed between 2022 and 2023; replacement of water heaters for the main house, Unit 5, and behind the motel between 2021 and 2024; updated washers, dryers, and refrigerators added from 2023 to 2025; a new AC for Unit F in 2024; and newer lawn-care equipment. This property allows you to operate a long-established hospitality business right in your own backyard while enjoying comfortable on-site living. Click the MULTIMEDIA link for a virtual tour video. All measurements are approximate and should be verified by the purchaser. (id:61366)
Property details
- Property type
- Other
- Ownership
- Freehold
- Living area
- 2,366 sq ft
- Lot size
- .82 + 2.25
- Year built
- 1977
- Annual tax
- $5,725
- MLS®
- 202528404
- Board
- PEIA
- Status
- Inactive
- Listed
- Nov 21, 2025
- Updated
- Nov 21, 2025
Features & finishes
Flooring
- Other
- Wood
Parking
- Visitor Parking
Lot
- Paved driveway
Financing
Estimated monthly payment
$3,727/mo
Loan amount
$637,600
Down payment
$159,400
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
PEIA
Nearby
About the area
Census · C0A- 48,140
- Population
- 45
- Median age
- $77,500
- Median income
- $276,000
- Median home value
- 82%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 4827 Trans Canada Highway?
4827 Trans Canada Highway is listed for $797,000, in PEIA.
What type of home is 4827 Trans Canada Highway?
4827 Trans Canada Highway is a Other, built in 1977.
How large is 4827 Trans Canada Highway?
The home offers approximately 2,366 sq ft of living space on a lot measuring .82 + 2.25.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,727. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $5,725 per year.
What is the PEIA area like?
PEIA has a population of about 48,140, a median age of 45, a 82% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in PEIA?
The median dwelling value in this area is approximately $276,000, based on census data via Neighbourly.
What is the median household income in PEIA?
The median household income in this area is approximately $77,500.
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