Canoe Cove, Prince Edward Island, Canada
As of August 12, 2026, the median asking price in Canoe Cove is $446,950, across 10 active MLS® listings.
Those listings have been on the market an average of 169 days.
3 new listings came to market in Canoe Cove in the last 30 days.
Detached homes in Canoe Cove are listed at an average of $563,560 across 5 active listings.
Vacant land in Canoe Cove are listed at an average of $407,160 across 5 active listings.
Canoe Cove is a small coastal neighbourhood on the south shore of Prince Edward Island, near the Town of Stratford and a short drive to Charlottetown. The area is defined by protected shoreline, beaches and walking spots (including Canoe Cove Beach), low-density residential streets, and a mix of year-round households and seasonal/second-home owners. Demographics skew toward families and professionals who commute to Stratford/Charlottetown, alongside retirees and lifestyle buyers drawn to waterfront views and privacy. Day-to-day amenities (groceries, pharmacies, gyms, restaurants, healthcare services) are largely accessed in Stratford and Charlottetown rather than within the Cove itself.
School options are typically served through the Stratford area and the wider Eastern School District, with students commuting by car or school bus; there is no rapid transit, and driving is the practical norm. Real estate is dominated by detached single-family homes, executive builds, and higher-priced coastal properties with limited inventory and fewer multi-unit rentals. Market trends tend to reflect the broader Charlottetown-Stratford corridor: strong demand for quality housing, upward pressure on prices during periods of in-migration, and relatively constrained rental supply. For investors, the neighbourhood often offers better long-term value stability and resale appeal than cash-flow performance, with rents supported by proximity to employment centres but yields tempered by higher purchase prices and seasonal variability in some segments.
Canoe Cove currently has 15 active listings with a median asking price of $250,000, pointing to accessible pricing with a modest amount of choice for buyers. With homes averaging 187 days on market and just 2 new listings in the past 30 days, demand appears measured and turnover slower, giving buyers and investors more room to negotiate and do due diligence while highlighting the importance of patience and property selection.
The median asking price in Canoe Cove is $446,950, across 10 active MLS® listings as of August 12, 2026. The average asking price is $485,360. These are list prices on homes currently for sale, not sale prices.
There are 10 active MLS® listings in Canoe Cove as of August 12, 2026. 3 of them came to market in the last 30 days.
Homes currently listed in Canoe Cove have been on the market an average of 169 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 10 homes currently listed in Canoe Cove, 50% detached houses, 50% vacant land.