$1,199,000

$25,999

47 King Street, Prince Edward County, ON K0K 2T0

Picton Ward, Prince Edward County,

| | | 5,000 sq.ft. | Year Built: 100+ |

Properties with this icon are courtesy of TRREB.

BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, well-maintained 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 surface parking spaces. The building is clean and 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.Financials available upon request. A solid addition to any investment portfolio in a fast-growing area.

Property Info
MLS®: X12193077
Listing Courtesy of CENTURY 21 LANTHORN REAL ESTATE LTD.
Total Bedrooms 9
Total Bathrooms 7
Basement 1
Floor Space 3500-5000 sq.ft.
Lot Size 10172 sq.ft.
Style 3-Storey
Last Updated 2025-06-03
Property Type House
Listed Price $1,199,000
Unit Pricing $240/sq.ft.
Tax Estimate $6,204/Year
Year Built 100+
More Details
Exterior Finish Vinyl Siding
Parking Cover 1
Parking Total 5
Water Supply Municipal
Foundation Sewer
Summary
    Location and General Information
  • HoldoverDays: 60
  • Architectural Style: 3-Storey
  • Property Type: Residential Freehold
  • Property Sub Type: Multiplex
  • DirectionFaces: North
  • GarageType: Detached
  • Directions: King/Elizabeth
  • Taxes and HOA Information
  • Tax Year: 2025
  • Parking
  • Parking Features: Private
  • ParkingSpaces: 5
  • Parking Total: 6
Interior and Exterior Features
    Bathrooms Information
  • WashroomsType1: 1
  • WashroomsType1Level: Main
  • WashroomsType2: 2
  • WashroomsType2Level: Main
  • WashroomsType3: 2
  • WashroomsType3Level: Second
  • WashroomsType4: 2
  • WashroomsType4Level: Third
  • Bedrooms Information
  • BedroomsAboveGrade: 9
  • Interior Features
  • Interior Features: Carpet Free, Water Heater Owned
  • Basement: Unfinished
  • Cooling: None
  • HeatSource: Gas
  • HeatType: Forced Air
  • Exterior Features
  • ConstructionMaterials: Vinyl Siding
  • Exterior Features: Year Round Living
  • Roof: Asphalt Shingle
  • Pool Features: None
Property
    Utilities
  • Sewer: Sewer
  • Property and Assessments
  • Foundation Details: Concrete Block, Stone
  • Lot Information
  • Parcel Number: 550620040
  • LotSizeUnits: Feet
  • LotDepth: 164.35
  • LotWidth: 61.89
  • Others
  • PropertyFeatures: Beach, Golf, Hospital, Library, Rec./Commun.Centre, School
Sold History
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School Catchments
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