Residentiae.
For Sale · PEIA

288 Spruce Way, 282, 276

PEIA · C0B1V0

$929,900

6Bedrooms
4Bathrooms
Parking
2,900Sq Ft

About this residence

Discover the perfect getaway with this unique listing of three newly renovated waterfront cottages, nestled along the picturesque Mill river at 288, 282, and 276 Spruce Way in Cascumpec, PEI. These cottages boast modern farmhouse charm and stunning river views, making them an excellent opportunity for investment as an Airbnb or as an accommodating 2 bedrooms and 2 bathrooms, along with a cement RV pad that includes electrical, water, and sewer hookups for added convenience. The other two cottages each offer cozy layouts with 2 bedrooms and 1 bathroom, designed to ensure a warm and inviting atmosphere. This package includes all furniture, appliances, utensils, dinnerware, etc. and encompassing over and acre of land, the property provides ample space for outdoor activities and perfect for entertaining or enjoying the peaceful river views. With direct access to the Mill River, residents and guests can engage in various activities such as sailing, kayaking, or simply enjoying the tranquil waters while the proximity to the ocean offers even more adventures. Currently, there are bookings for 2025, making this an attractive investment opportunity for those looking to enter the vacation rental market. Whether you envision hosting guests or creating a private family retreat, these cottages cater to both desires - contact us today to take the first step towards owning your piece of paradise in beautiful Prince Edward Island! (id:61366)

Property details

Property type
Recreational
Style
Recreational
Ownership
Freehold
Bedrooms
6 (6 above)
Bathrooms
4
Living area
2,900 sq ft
Lot size
0.205
Annual tax
$5,925
MLS®
202510694
Board
PEIA
Status
Inactive
Listed
May 12, 2025
Updated
Sep 29, 2025

Room dimensions

RoomLevelDimensions
SunroomMain level18.5 x 10.8
KitchenMain level9.7 x 7.4
Primary BedroomMain level10.7 x 13.5
Ensuite (# pieces 2-6)Main level5 x 7.5
OtherMain level7.4 x 3.3
BedroomMain level11.3 x 9.4
Living roomMain level15.5 x 12.1
Dining roomMain level15 x 12
Bath (# pieces 1-6)Main level4.3 x 4.5
Laundry roomMain level5 x 4.6
OtherMain level13.1 x 3.3
KitchenMain level16.1 x 11.5
Dining roomMain levelCombined
Living roomMain level16.5 x 11.5
Primary BedroomMain level11.8 x 11.4
BedroomMain level11.5 x 10.8
Bath (# pieces 1-6)Main level7.9 x 7.5
Living roomMain level16.3 x 11.4
KitchenMain level11.4 x 15.1
Bath (# pieces 1-6)Main level7.9 x 7.5
Primary BedroomMain level11.9 x 11.5
BedroomMain level10.6 x 11.4

Features & finishes

Appliances

  • Washer
  • Refrigerator
  • Dryer
  • Oven
  • Microwave Range Hood Combo
  • Barbeque

Flooring

  • Laminate

Heating

  • Wall Mounted Heat Pump
  • Electric

Exterior

  • Vinyl
  • Steel

Parking

  • Concrete

Lot

  • Paved driveway

Sewer & Utilities

  • Septic System

Architecture

  • Cottage
  • Camp

Financing

Mortgage calculator

Estimated monthly payment

$4,349/mo

Amortization

Loan amount

$743,920

Down payment

$185,980

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

PEIA

About the area

Census · C0B
29,902
Population
47
Median age
$73,500
Median income
$224,000
Median home value
80%
Home ownership
22 min
Avg. commute

Age distribution

0–14
15%
15–24
11%
25–44
22%
45–64
30%
65+
23%

Tenure

80% owners20% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 288 Spruce Way, 282, 276?

288 Spruce Way, 282, 276 is listed for $929,900, in PEIA.

How many bedrooms and bathrooms does 288 Spruce Way, 282, 276 have?

It offers 6 bedrooms and 4 bathrooms.

What type of home is 288 Spruce Way, 282, 276?

288 Spruce Way, 282, 276 is a Recreational, Recreational.

How large is 288 Spruce Way, 282, 276?

The home offers approximately 2,900 sq ft of living space on a lot measuring 0.205.

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 $4,349. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $5,925 per year.

What is the PEIA area like?

PEIA has a population of about 29,902, a median age of 47, a 80% home-ownership rate, with an average commute of about 22 minutes.

What is the average home value in PEIA?

The median dwelling value in this area is approximately $224,000, based on census data via Neighbourly.

What is the median household income in PEIA?

The median household income in this area is approximately $73,500.

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