Cavendish • Prince Edward Island

The Lost
Anchor

Name: The Lost Anchor
Address: 8572 Cavendish Rd., Cavendish, PE, C0A 1N0, CA
Telephone: (902) 360-2221
Price range: $$
Rating: 4.4

“The Best Restaurant in Cavendish, PEI”

4.4840 Reviews

PEI 2026 Season Opens June 4th, 2026

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Est. 2007

The Story of The Lost Anchor

Established in 2007, The Lost Anchor is a seasonal restaurant in the heart of Cavendish, PEI — open from early June through the end of September each year.

A Maritime Legacy

The Legend of the Lost Anchor

Our name traces back to the Marco Polo, a legendary tall ship launched in 1851 at Saint John, NB. In 1883, during a devastating hurricane, the ship sank off the shores of Cavendish — right in front of the childhood home of PEI novelist Lucy Maud Montgomery. The wreck ignited her passion for storytelling. The ship remained lost at sea until 1960, when local fisherman Tommy Gallant discovered it — along with its lost anchor. That anchor is now proudly displayed in our dining room.

Discover Our Full Story