Residentiae.
For Sale · PEIA

178 SHIP WRECK SHORE ROAD

PEIA · C0A1A0

$519,000

3Bedrooms
1Bathrooms
Parking
882Sq Ft
1Storeys

About this residence

Location, location, location. Set on a narrow peninsula where ocean views stretch out on both sides, Captain's Watch Cottage offers something truly rare - a place where beauty, privacy, and calm come together in perfect balance. Architecturally designed and lovingly maintained, this 3-season cottage sits on 1.5 acres of oceanfront land in the quiet, sought-after community of Point Prim. With 3 bedrooms including a cozy loft with 2 beds, and 1 full bathroom, the cottage comfortably accommodates family and guests. There is a detached shed includes a washer, dryer, and a convenient shower to rinse off after beach days. The electric heat, air conditioning (heat pump), and high-speed internet provide modern comfort in a peaceful setting. Set back 1 km from a quiet dead-end road, the property offers privacy and tranquility without feeling isolated. The spacious deck, ocean-facing covered porch, and large firepit create perfect spaces for outdoor living and relaxing. Enjoy panoramic water views from both sides of the peninsula, with an aluminum staircase leading straight down to the red sand beach. Bonus Opportunity: The adjacent 1.5-acre oceanfront lot is also available for purchase. Undeveloped and full of possibility, it offers a rare chance to expand your vision - whether that means a guest house, studio, or simply more space to call your own. Opportunities like this are rare. Captain's Watch Cottage combines natural beauty, smart design, and a proven rental history - all in one of the most peaceful, picturesque corners of Prince Edward Island. Don't miss your chance to own this slice of paradise! (id:61366)

Property details

Property type
Recreational
Style
Recreational
Ownership
Freehold
Bedrooms
3 (3 above)
Bathrooms
1
Storeys
1
Living area
882 sq ft
Lot size
1.2
Fireplace
Yes
Year built
2000
Annual tax
$3,046
MLS®
202522545
Board
PEIA
Status
Inactive
Listed
Sep 5, 2025
Updated
Sep 29, 2025

Room dimensions

RoomLevelDimensions
Living roomMain level11.3 X 11.11
Dining roomMain level13.4 X 11.7
KitchenMain levelCombined
Primary BedroomMain level12 X 13.5
BedroomMain level12.8 X 12
BedroomSecond level17.6 X 7.7
Bath (# pieces 1-6)Main level6.11 X 4.1

Features & finishes

Appliances

  • Refrigerator
  • Dishwasher
  • Dryer
  • Stove

Flooring

  • Vinyl
  • Wood

Heating

  • Baseboard heaters
  • Wall Mounted Heat Pump
  • Electric

Exterior

  • Wood siding

Parking

  • Gravel

Sewer & Utilities

  • Septic System

Financing

Mortgage calculator

Estimated monthly payment

$2,427/mo

Amortization

Loan amount

$415,200

Down payment

$103,800

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

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Location & area

PEIA

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

0–14
16%
15–24
11%
25–44
23%
45–64
29%
65+
21%

Tenure

82% owners18% 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 178 SHIP WRECK SHORE ROAD?

178 SHIP WRECK SHORE ROAD is listed for $519,000, in PEIA.

How many bedrooms and bathrooms does 178 SHIP WRECK SHORE ROAD have?

It offers 3 bedrooms and 1 bathroom.

What type of home is 178 SHIP WRECK SHORE ROAD?

178 SHIP WRECK SHORE ROAD is a Recreational, Recreational set over 1 storey, built in 2000.

How large is 178 SHIP WRECK SHORE ROAD?

The home offers approximately 882 sq ft of living space on a lot measuring 1.2.

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 $2,427. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $3,046 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.

Private viewings

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