Ottawa selling Prince Edward Island fishing wharf

Federal government drastically cuts price on Cahoon’ s Wharf in Point Pleasant in hope of quick sale

Steve Sharratt
Published on January 22, 2014

MONTAGUE — Dreaming about your own private marina or a unique water edge cottage with a beautiful view?

Well. a federal wharf near Murray River may be the answer, especially since the price was just been slashed by 75 per cent.

Cahoon’s Wharf in Point Pleasant has been on the auction block for the past six months, but with no takers the government has drastically reduced the price to unload it quickly.

What started out at a $59,000 price tag has been whittled down to a $15,000 fire sale. The wharf is located in southeastern Kings County.

“If it was on the Cardigan River and close to my stomping grounds I’d consider buying it,’’ said Realtor Brad Oliver, who is handling the transaction.

“It’s rare to see a wharf go up for sale.”

However, the handful of fishermen who use the wharf would be just as happy to see the “for sale” signs crumble with age.

“We talked about taking it over but the liability would be too great,’’ said one fisherman, who The Guardian has agreed not to name.

“We’ll just keep fishing at the wharf until the new owner says we have to move ... and I don’t expect that to happen anytime soon. To me it’s not worth five cents.”

The sale is for the wharf only on .21 acres of property.

The real estate ad suggests a new owner could allow the fishermen to stay or charge a rental fee. The wharf is in reasonable condition and has electricity and a nearby well.

While maintenance would be an issue, some people eyeing up the sale suggest a buyer could even build a cottage at the end of the wharf in the secluded and deep water harbour setting.

Oliver said if the fishermen aren’t interested in taking it over, the most likely buyer he would expect to come calling would be an avid recreational boater anxious to have a private and sheltered harbour.