A P.E.I. man has been sentenced to life in prison for killing an elderly roommate who was living in the same rooming house in Toronto.

Twenty-two-year-old Kyle Laybolt, who grew up in the tiny eastern P.E.I. community of Dingwells Mills, pleaded guilty to second-degree murder in the death of 69-year-old Hans Meier. Laybolt stabbed Meier 28 times while he slept in his bed. Meier was taken to hospital, where he died.

Laybolt was arrested several blocks from the rooming house with Meier's laptop. He told police the 69-year-old pensioner paid him $800 to "put him out of his misery."

Meier had a lung tumor, and was on oxygen after suffering a stroke.

The judge described the killing as "senseless." Laybolt will spend 14 years in jail before any chance of parole.