Guide

PEI real estate investment due diligence

By Jodi Bernard, PEI REALTOR®, CENTURY 21 Northumberland Realty. Updated October 12, 2026.

Start with use and budget. Then test the building, the land, the rules, and the resale before the conditions come off.

The file

Comparable sales, not just asking prices. A written rent or use assumption. Tax, insurance quotes, and a repair list from someone who has seen the property.

Recent sales of similar properties
Vacancy you can defend
Insurance quote before you waive conditions

The property

Roof, heat, windows, electrical, oil tanks, and drainage show up in almost every older Island building. On rural property, add the well, the septic, and the survey.

The exit

Name who buys this later: a family, a seasonal buyer, or a local resident. If you cannot name them, the hold is a hope.

This is educational, not legal, tax, or lending advice. Ask Jodi Bernard about a specific property.