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16 Gordons Way
Beds
3
Baths
1
Sqft
1,144
Year
1992
Type
Recreational
On market
46d
Welcome to your own slice of Prince Edward Island paradise in beautiful Augustine Cove. Nestled along one of the Island?s most captivating shorelines, this charming waterfront cottage offers breathtaking views and direct access to the famous red sand beach, where the area?s renowned low tides allow you to walk for what feels like forever along the ocean floor. Inside, the cottage features a bright open concept layout highlighted by a stunning cathedral ceiling in the main living area, creating a spacious and inviting atmosphere. With 2 bedrooms, 1 full bathroom, and an additional loft sleeping area above, there is plenty of room for family and guests to relax and enjoy coastal living. One of the home?s standout features is the incredible sunroom dining area, perfectly positioned to overlook the water - an ideal place to enjoy morning coffee, family meals, or evening sunsets over the Northumberland Strait. Recent upgrades over the last year include a full interior and exterior paint refresh last year, a brand new deck and skirting, and a new heat pump offering efficient air conditioning in summer and cozy warmth during cool spring and fall evenings. Outside, the property is equally impressive with granite rock shoreline protection, private aluminum stairs for convenient beach access, and a storage shed for all your seasonal gear and outdoor essentials. Located on Gordons Way, this cottage is just a short drive to Borden-Carleton, only 40 minutes to Charlottetown, and 25 minutes to Summerside, offering the perfect balance of peaceful waterfront living with easy access to amenities. Whether you are seeking a summer retreat, year-round getaway, or investment property, this exceptional waterfront cottage could be the perfect opportunity you?ve been waiting for. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15 9 x 20 | |
| Kitchen | 9.6 x 10.3 | |
| Dining room | combined | |
| Sunroom | 11 x 15 | |
| Primary Bedroom | 10 x 12 | |
| Bedroom | 10 x 10 |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Other | 9x9 loft used as a bedroom |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.72%
Cap rate
4.72%
GRM
13.5
Break-even rent
$2,449
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Augustine Cove. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.