47 King ST, Prince Edward County, ON K0K 2T0
47 King ST, Prince Edward County, ON K0K 2T0
47 King ST, Prince Edward County, ON K0K 2T0
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Andrew Ahmed

Andrew Ahmed

Executive Homes Realty Inc.

+1(416) 619-5278
$1,025,000
Est. payment /mo
9 Beds
7 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Picton Ward

MLS Listing ID X13207660

Style 3-Storey

Bedrooms 9

Annual Tax Amount $6,204

Tax Year 2025

Property Sub-Type Multiplex

Property Description

BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, seven-unit multiplex in Prince Edward County. Located at 47 King Street, this 5,000+ sq ft property features three 2-bedroom units and four 1-bedroom units, all with hardwood floors and updated interiors. Bonus income potential with a rentable detached garage and five private surface parking spaces. The building is secure, with dual front and rear access to all units. Tenants are stable and rents are at fair market rates. Set on a charming lot with mature gardens and wrought iron details, this property is just a short walk to downtown Picton's shops, restaurants, trails, and amenities. Projected financials are available upon request. A solid addition to any investment portfolio in a fast-growing area.

Location

Province ON

County Prince Edward County

Area Prince Edward County

Rooms

Family Room No

Basement Unfinished

Kitchen 7

Interior

Interior Features Carpet Free, Water Heater Owned

Cooling None

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Year Round Living

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 61.89

Lot Depth 164.35

Total Parking Spaces 6

Building

Building Age 100+

Unit Features Beach,Golf,Hospital,Library,Rec./Commun.Centre,School

Foundation Concrete Block, Stone

Others

ParcelsYN No

Read Less Info
Listed by Century 21 Lanthorn Real Estate Ltd.

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47 King ST