For real estate cost references with other areas of the Province of Prince Edward Island, it is helpful to know what home owners pay for water and sewerservices and for annual property taxes. Water supply in Granville on the Water is from a collectively owned system through the Granville on the Water Homeowners Association. Sewer is handled individually on each lot through each owners private septic disposal field, installed with the home build. The roads in GOTW are privately owned by the Homeowners Association so snow removal costs depend on the snowfall in any particular winter.
|Province of PEI Property Taxes : For all homes|
$1.50 per each $100 taxable value assessment, less : a provincial tax credit of
$0.50 per $100 for residents for a net of $1.00 per $100 assessed value.
Add a municipal fee where appropriate – see below.
Link to Municipal Tax Rates around PEI
Garbage Collection – $205.00 annually per household
Snow removal included in taxes on public roadways.
Granville on the Water 2018/2019 : Link to IRAC Info & Comparable Properties
Property Taxes – $ 0 per $100 of assessed value
Water – $360 /year water (homes) $180 /year water (lots)
Sewer – $0/ year – Onsite
Snow Removal : $400/winter homes (depends on snow load – on Private Roads)
Summerside 2018/2019 : Link to Municipal Page
Property Taxes – $ 0.74 per $100 of assessed value
Water & Sewer – $18.78 /year water and $42.40/ year sewer
Charlottetown 2018 : Link to Municipal Page
Property Taxes – $ 0.67 per $100 of assessed value
Water – $0.264/1000 Litres water + demand
Sewer – $0.580/1000 Litres water + demand
As an Example: One particular Home with 4 residents in 2018 : $577.39/yr w+s
NOTE : a 25% increase is slated for 2019+ for the average household
Stratford 2018 : Link to Municipal Page
Property Taxes – $0.44 per $100 of assessed value
Water & Sewer – $289/year water and $380/ year sewer
Cornwall 2018 : Link to Municipal Page
Property Taxes – $0.46 per $100 of assessed value
Water – $282/year water minimum @ $0.79/1000 litres
Sewer – $266/year
Vacant lots – $86.80 per year water & sewer.
A number of homes in Granville on the Water are operated as rental homes in the summer months. Being close to water, golf, great restaurants, boating, seafood … etc etc … makes for an area in high demand for vacationers.
Many like to check out the area in detail, before looking at settling in on a purchase or plans to build that ‘Dream Home’.
Have a look at these listings to see if that might fit within your plans. These are privately owned and run by the owners of the properties. Of course, there are many properties available in the area of Cavendish, Stanley Bridge, North Granville, New London, and the north shore … so GOTW is a great base to explore what PEI’s ‘vacationland’ has to offer.
In Granville on the Water, your home can be a cash flow generator … if you do not want or need to occupy it year-round. Prince Edward Island’s north shore is in very high demand and a wonderful base to explore for the many visitors every year. PEI is perhaps unique in North America in that 152,000 people are resident and 1,500,000 visitors and tourists come every year. That 10 to 1 ratio assures a great interest in property rentals … your new home could yield $1500 to $7000 per week and be an income generator … if you so choose.
Contact us to find out more !
Enjoy your visit 🙂
Contact these owners through their listings :
With an open concept on the main level, this home features one king bedroom with a beautiful ensuite bath, a queen bedroom and a den with a queen sofa bed. This 5 star Executive Rancher has, on the second floor, a third bedroom with a queen bed and a bathroom with shower. An ideal rental property for up to 3 couples as the property has 3 separate living rooms/den areas that offer many options for rest and relaxation after a day of sight seeing, golf or having fun on one of PEI’s beautiful beaches. There is a full laundry room and double car garage that guests will be afforded access to.
Resting atop a gorgeous bluff in Stanley Bridge overlooking the winding Trout River, Welton Hill has three bedrooms, three bathrooms and an open concept living, dining and kitchen area that has an amazing view of the river and rolling hillside. Whether you choose to relax by the propane fireplace or enjoy a favorite movie on the large LCD television/DVD, Welton Hill’s living areas will easily provide all the comforts of a home away from home. The waterfront kitchen and dining area with grand floor to ceiling windows have a wonderful calming effect as you go about preparing your favorite vacation meals.
Eagles View Villa is a stunning waterfront vacation home. We’re located on more than two acres of private forested land overlooking the picturesque Trout River and the hills of trees and farmers’ fields beyond. Three levels of luxury living featuring five bedrooms and four and a half baths, the house is great for large groups. Situated in North Granville, just minutes from Cavendish, the location is perfect for beach goers and golfers alike.