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It’s a property most Canadians can only dream about. At $899,000, in today’s market it seems downright affordable, especially when you hear it’s a 22-acre lot with 1,250 square feet of oceanfront.

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Throw in the fact you get a 2,000-square-foot home and accompanying 800-square-foot cottage and you might say “I’m ready for a bidding war” – but if you’re from outside Prince Edward Island your battle is just beginning.

Because of its size, the listing from broker Mary Jane Webster of Re/Max Charlottetown for the property in Tracadie, on the north shore of Prince Edward Island, ultimately falls under the province’s strict foreign ownership limits.

“As a business person I’m probably against it, but as an Islander I’m for it,” said Webster about non-resident rules that control land sales for larger properties and probably drive down prices.