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5 Gerald Lane
Mill River East C0B 1B0

$880,500
Single Family beds: 6 baths: 3.0 built: 2015

Main Photo: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 1: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 2: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 3: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 4: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 5: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 6: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 7: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
Photo 8: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
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Photo 10: 5 Gerald Lane in Mill River East: Single Family for sale : MLS®# 202627956
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Status:
Active
Prop. Type:
Single Family
MLS® Num:
202627956
Bedrooms:
6
Bathrooms:
3
Year Built:
2015
Experience the best of waterfront living on beautiful Mill River in this impressive property offering quality, comfort, and exceptional versatility. Featuring nearly 3,500 square feet of finished living space across two levels plus an additional 591 square feet in the attached double car garage, this home is ideal as a luxury residence, multi-generational home, or investment opportunity. The main level features a bright, open-concept design with a stunning custom kitchen, quartz countertops, stainless steel appliances, elegant cabinetry, and a spacious island. The kitchen, dining, and living areas flow seamlessly onto a large rear terrace, where breathtaking views of Mill River can be enjoyed. The primary bedroom also offers direct terrace access, along with two additional bedrooms, a powder room, and laundry area. The fully finished, ground-level lower level offer its own kitchen, living and dining areas, three bedrooms, oversized laundry room, and three walkouts. Currently operating as a highly successful Airbnb, recognized as the #1-rated in Western PEI, with year-round bookings, this space offers excellent income potential or could serve as a beautiful in-law suite. The outdoor setting is equally impressive, featuring waterfront stairs, a shared floating dock, storage building for kayaks and recreational equipment, and a screened cedar gazebo complete with seating and tiki bar, perfect for entertaining. Quality finished include durable Royal Select PVC siding with a lifetime warranty, steel roofing, and a heated double car garage measuring 25 x 23 feet with 12-foot ceilings. A rare opportunity to enjoy spectacular waterfront living while benefiting from the flexibility of a separate income-producing space! (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Finished Area Above Grade:
5,322 sq. ft.
Taxes:
$3,105.36 / 2026
Community:
Mill River East
Exterior Features:
Other
Community Features:
School Bus, Recreational Facilities
View:
River view
Waterfront:
Waterfront
Structure Type:
House
Appliances Included:
Washer, Dryer - Electric, Refrigerator, Oven - Electric, Barbeque, Dishwasher, Microwave
Bedrooms:
6
Bedrooms Above Grade:
3
Bedrooms Below Grade:
3
Bathrooms:
3.0
Half Bathrooms:
1
Cooling:
Air exchanger
Fireplace:
Yes
Floor finish:
Engineered hardwood, Ceramic Tile, Vinyl
Foundation:
Poured Concrete
Heating:
In Floor Heating, Oil, Electric, Hot Water, Wall Mounted Heat Pump, Furnace
# Storeys:
2.0
Water:
Well
Sewer:
Septic System
Lot Size:
0.54 acre(s)
Lot Details:
0.54
Lot Features:
Balcony, Paved Driveway, Gazebo
Parking:
Attached Garage, Heated Garage
Floor
Type
Size
Other
Lower level
Living room
58'9" × 45'7¼"
-
Lower level
Laundry room
45'3" × 31'2"
-
Lower level
Storage
31'6" × 28'3"
-
Lower level
Bedroom
46'11" × 44'3½"
-
Lower level
Primary Bedroom
54'5½" × 43'8"
-
Lower level
Bedroom
34'9" × 30'6"
+4.x5.2
Lower level
Utility room
43'11½" × 27'7"
-
Lower level
Other
17'1" × 6'6¾"
-
Main level
Kitchen
78'5" × 63'4"
-
Main level
Living room
58'9" × 47'7"
-
Main level
Foyer
25'7" × 15'1"
+5.8x8.3
Main level
Other
23' × 11'2"
-
Main level
Other
11'2" × 10'10"
-
Main level
Primary Bedroom
43'8" × 41'4"
+3.6x4.2
Main level
Bedroom
49'2½" × 45'11"
-
Main level
Bedroom
35'1¼" × 29'6"
-
Main level
Porch
27'7" × 21'11¾"
-
Main level
Kitchen
45'11" × 44'7"
+15.8x7.5
Main level
Other
11'9¾" × 7'10½"
-
Main level
Other
11'9¾" × 6'6¾"
-
Floor
Ensuite
Pieces
Other
Lower level
No
-
75'2" x 18'4½"
Main level
Yes
-
47'7" x 19'8¼"
Main level
No
-
9'6" x 26'7"
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Listed by ELITE REAL ESTATE ADVISORS INC.
Data was last updated November 14, 2026 at 03:45 AM (UTC)
CHRISTINE MCALEER
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