
Discover the magic of New Glasgow, PEI, with this extraordinary property that offers both a profitable toy store and a charming, completely renovated historic residence. In addition to the toy shop, toymaking factory and stock room, you'll find a charming four-bedroom, three-bathroom home seamlessly attached, perfect if you're seeking a unique work-from-home lifestyle or a profitable new business venture.
Celebrating 52 years in business in 2024, The Toy Factory is one of the best-known retail stores on Prince Edward Island. With strong brand recognition across Atlantic Canada, many families consider The Toy Factory a "must-do" during their vacations to PEI. This multi-generational landmark has become a beloved tradition for many, drawing parents who were once brought as children now returning with their own kids. The drive-by visual appeal of this unique family-oriented business and landmark heritage property has significantly contributed to the steady growth of customer traffic and sales.
The Toy Factory is located in the oldest building in New Glasgow, a traditional post-and-beam wood frame construction on an Island stone foundation. Believed to have been built by a shipbuilder, the building has a rich history, first serving as the home of a carriage factory known for the “New Glasgow Sleigh.” Throughout the 20th century, it was a general store, and in recent years it was a restaurant, craft shop, and pottery studio before The Toy Factory found its new home in 1998.
New Glasgow is recognized throughout the region as a top destination for high-quality tourism products and services. Alongside The Toy Factory, the village hosts notable attractions including the PEI Preserve Company, Butterfly House & Gardens of Hope, The Mill Restaurant, New Glasgow Lobster Suppers, Glasgow Hills Golf Club & Piper’s Restaurant, and the Bogside Glasgow Brewery & Bakehouse. The Toy Factory's prime location at the intersection of Routes 13 & 224 ensures high commercial visibility, especially during the busy summer months, as it lies on the most popular route to the Cavendish resort area, including Green Gables House and the National Park beaches.
Beyond its enchanting facade, this property boasts practical features with a heat pump installed in 2022, a new electric hot water heater added in 2024, and updated electrical systems with separate meters for the residence and business. A new $50,000 septic system was installed in 2021, and the durable metal roof was added in 2009. Recent exterior improvements include a repaved parking lot, new concrete curbing, and fresh paint. Inside, the retail store was completely refreshed in 2013, the workshop was redesigned specifically for wooden toymaking in 2017, and in the last 3 years, the residence has been fully updated with a new kitchen, new paint, windows, flooring & crown moulding and updated bathrooms.
This property is a rare find, combining the enchanting charm of a beautifully restored historic home with the benefits of all the modern upgrades. It presents a unique opportunity to continue the beloved tradition of The Toy Factory, or to add your own unique spin on a successful business. Don’t miss this chance to own a piece of PEI’s heritage with the financial support of a thriving business venture in a very desirable location. Contact us today to take the first step into your new life.
Home & Business offered at 895K.
Heidi Zinn - 902.626.8319