40 Great George Street

The heritage value of 40 Great George Street lies in its association with the Bank of Prince Edward Island, its architecture and its importance to the Great George Street and King Street streetscape.

Built in 1867-1868 to house the headquarters of the Bank of Prince Edward Island, this structure was the second location for the bank, which had begun operating in 1856 on the corner of Queen and Water Streets. Prominent Halifax architect, David Stirling designed the building and William Lowe was the principal carpenter for the project. The bank was built with Island brick from Kelly’s brickyard, as recorded in Henry Cundall's diary. Cundall was the son of the Bank's former cashier.

The Bank of Prince Edward Island prospered for a number of years until it became insolvent in 1882, due in part to an economic slow down, as well as mismanagement. The Bank of Nova Scotia soon acquired the building. The building’s ownership and tenants would change frequently throughout the years. It has been home to a number of Federal and Provincial departments, as well as another financial institution, the Merchants Bank of Prince Edward Island. The building was used to house the Customs House and Department of Marine and Fisheries until the 1950s and still bears the name Customs House. It currently houses Provincial government offices.

The Island brick building is one of a number of ornate, 19th century public buildings on Great George Street. It is a vital part of the Great George Street and King Street streetscapes.

Sources: Heritage Office, City of Charlottetown Planning Department, PO Box 98, Charlottetown, PE C1A 7K2

#1017