2.3 acres for sale in Monticello, PE
$45,000 · Monticello, Kings County, Prince Edward Island · 56 km from Stratford (nearest town of 10,000+)
Advertised on Kijiji as “LOT 7 HERMITAGE Road Monticello, Prince Edward Island”
Below nearby lots of about the same size. The full version shows by how much, as an exact percentage, and the price per acre we'd expect for this lot.
Try it free for 24 hours- AcreScout's value model estimates a price per acre for this lot from the nearest listings of about the same size and rates it below market: more than 25% below that estimate.
- Whether non-residents or non-Canadians pay more or need approval: who can buy in Prince Edward Island.
- In AcreScout, the ad is read for problems it mentions (no road access, boat-only access, wetland, flooding, zoning limits, leasehold or shared ownership), with the sentence behind each note.
- Listed October 1, 2026.
- Price cut from $47,000 on October 25, 2026.
- Internet: up to 25/5 Mbps within about 1 km (ISED National Broadband Data).
- Across Canada, lots of 1.5–3 acres are typically listed at $140,000 ($67,338/ac). Prices for every lot size
- Estimate the land transfer tax at this price.
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Next steps
- Lawyer or notary. A real estate lawyer (a notary in Quebec) searches the title for liens, easements and rights-of-way and handles the transfer. Rural land carries more of these than a house in town.
Law Society of PEI: find a lawyer - Survey. Rural boundaries are often old or unmarked. A land surveyor shows where the lines really are, whether the access road crosses a neighbour's land, and how many acres you are buying.
Association of PEI Land Surveyors members - Well. Bare land rarely has a tested well. A licensed well contractor knows typical depths and yields nearby and what drilling costs.
Well contractor and driller licences - Septic. Without town sewer you need a septic system, and the soil has to suit one. Have a designer or installer look before you buy: poor soil can make a lot costly or impossible to build on.
PEI has no current public list of septic contractors (the last one is from 2022); ask your lawyer or the Province's environment department. - Financing and insurance. Most home lenders finance a house plus about 5 acres and want a bigger down payment on bare land. A licensed mortgage broker knows which lenders take land (credit unions and, for farm land, Farm Credit Canada). Arrange insurance before you take possession.
Mortgage regulators' licensing lookup (MBRCC) · PEI licensed insurance agents · PEI has no public register of mortgage brokers of its own.
PEI's Lands Protection Act: buying more than 5 acres or 165 ft of shore needs approval from IRAC (the Island Regulatory and Appeals Commission) unless you are a citizen or permanent resident who has lived in PEI (as your principal residence) 365 of the last 24 months and files your tax return in PEI.
Official directories and regulators' searches, not recommendations; nobody pays us to be listed. Links checked October 1, 2026. Can I buy land here? covers ownership limits and taxes for your situation.
Land of about this size in Kings County
| Listing | Price | Acres | Per acre | Water | Value |
|---|---|---|---|---|---|
| 2.3 acres Sturgeon |
$29,900 | 2.3 | $12,778/ac | below market | |
| 2.3 acres on the ocean Lot 10 · Kingsboro |
$95,000 | 2.3 | $41,304/ac | Oceanfront | near market |
| 2.2 acres on the ocean Eglington |
$99,000 | 2.2 | $45,000/ac | Oceanfront | above market |
| 2.1 acres on the ocean Lower Rollo Bay |
$144,999 | 2.1 | $69,047/ac | Oceanfront | above market |
| 2.4 acres on the ocean Lot 26-2 · Georgetown |
$180,000 | 2.4 | $75,000/ac | Oceanfront | above market |
| 2.3 acres on the ocean Lot 3 · Kingsboro |
$175,000 | 2.3 | $76,754/ac | Oceanfront | above market |
| 2.3 acres on the ocean Lot 5 · Canavoy |
$200,000 | 2.3 | $87,719/ac | Oceanfront | above market |
| 2.2 acres Brudenell |
$225,000 | 2.2 | $102,273/ac | above market |
Each listing's value check compares it with the nearest listings of about the same size, so one lot can rate above market at a lower price per acre than another elsewhere in the region.
71 listings near Souris · All 400 listings in Kings County · Prince Edward Island