5 Gerald Lane, Mill River East
An amazing executive waterfront home with a lower level waterfront 4+star 3 bedroom air bb rental. A extraordinary home that features an open floor plan with a large custom kitchen equipped with all the modern conveniences, elegant cabinets, Quartz countertops, stainless steel appliances, grand Island and large hideaway cabinets for smaller appliances. The beautiful floor plan allows the open concept kitchen dining and living room to flow seamlessly onto a large back terrace, overlooking the breathtaking views of Mill River. One can walk out to the back terrace from the dining room, the bright living room and from the master bedroom. The king-size master bedroom has a large ensuite with ceramic tile shower and separate soaker tub and an oversized walk-in closet. There is also 2 other beautiful bedrooms, half bath and laundry area on the main level. The lower level is ground level it?s nice and bright and fresh and is quiet and just as amazing as the upper floor with three walkouts and is fully finished with a second kitchen, dining, living room, 3 bedrooms and an oversized laundry room. The lower level is used for Air BB and is currently rated #1 in Western PEI and it is booked year-round. Many possibilities here to remain with additional income or use as an in-law suite. The backyard features also a storage building for kayaks, toys, etc. Also there is a a screened in cedar gazebo equipped with sitting area and bar that has been used for wedding receptions. The backyard features accessible stairs down to the water and floating dock. The exterior of the home is finished with solid PVC siding from Nova Scotia, Royal Select with a lifetime warranty. Home has a steel roof. This home was built with the very best products & materials to maximize in quality and comfort! The living space on the main level is 1950 sf and downstairs it?s 1959. The double car heated garage is 25x23 with 12 ft ceilings. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 5 Gerald Lane, Mill River East
- Type
- Residential
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 0.54
- Parking
- Attached Garage, Parking Space(s), Concrete, Heated Garage
- Heating
- Radiant heat, In Floor Heating, Oil, Electric, Wall Mounted Heat Pump, Furnace
- Cooling
- Air exchanger
- Exterior
- Vinyl
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 5 Gerald Lane
Active Listings
1
Min Price
$949,000
Max Price
$949,000
Avg Price
$949,000
Days on Market
125
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Lot 5, Prince Edward Island / Île-du-Prince-Édouard
Population
877
Median Age
46.4
Median Income
$37,248
Dwelling Value
$174,758
Housing Tenure
Owners 93%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 32.9/km²
Avg Shelter Cost: $783/mo
Owners with Mortgage: 55.1%
Owners Spending 30%+: 4.4%
Tenants Spending 30%+: 0%
English only: 88%
English and French: 12.6%
Median Household Income: $77,056
Median Employment Income: $31,616
Price History
Listed
May 13, 2026
by ROYAL LEPAGE COUNTRY ESTATES 1985 LTD
Current Price
$949,000
Type
Residential
For Sale
