$449,000
FOR SALE

Business for Sale

Restaurant

4557 Wharf Road
Cardigan, PE C0A 1G0

Here is your opportunity to own a beautiful waterfront restaurant in Cardigan, PEI. Cardigan Lobster Suppers and 1888 Pub have been serving fresh local seafood and meats for over 40 years and are one of the highest-rated dining destinations in the area on Tripadvisor. This is a true turn-key sale, offering a fully equipped operation ready for its next owner to step in and succeed. The property features over 10,000 square feet of finished space with 50 feet of waterfrontage overlooking the marina, along with two large decks and ample paved parking to accommodate large groups. Upstairs is equipped with heat pumps providing both heating and air conditioning. The lower level was previously operated as a bar and includes a dance floor, sound system, and lighting, offering additional revenue potential. Also downstairs is a 150-lobster holding tank to support the delivery of fresh, local seafood. This heritage-designated building may qualify for heritage funding opportunities, adding further value for future improvements or preservation. In addition to its established restaurant use, the property presents exciting redevelopment potential, with the possibility of conversion into 6 to 8 residential apartments (subject to applicable approvals). A rare chance to acquire a well-established business, a landmark property, and a versatile investment all in one. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:47421)
Share
Listed By CENTURY 21 NORTHUMBERLAND REALTY
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202518230
Last Updated Mar 30, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Community Cardigan
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Amenities Nearby Water Nearby
Community Features High Traffic Area, Public Washrooms
Features Paved driveway
Listing Contract Date 2025-07-21
Municipal ID 160010
Ownership Type Freehold
Property Type Business
Transaction Type For sale
Waterfront Type Waterfront on river
Zoning Description Commercial
Business
Business Type Restaurant
Business Subtype Restaurant
Building
Amenities Air Conditioning, Living Accommodation
Constructed Date 1888
Construction Material Wood frame
Fire Protection Smoke Detectors
Flooring Type Wood
Stories Total 3
Total Finished Area 10500 sqft
Utility Water Drilled Well
Parking Spaces
Name Spaces
Parking Space(s)
Visitor Parking
Land
Total Size 2 acres
Acreage Yes
Amenities Water Nearby
Disposition Features Cleared
Size of Irregular Land 2

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)