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 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 are available upon request. A solid addition to any investment portfolio in a fast-growing area.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Approx. Age:
100+
Total Approx Floor Area:
3500-5000
Lot Depth:
164'4"50.1 m
Lot Frontage:
61'11"18.9 m
Lot Shape:
Rectangular
Direction Faces:
North
Bedrooms:
9
Bathrooms:
7.0
Water supply:
Municipal
Kitchens:
7
Bedrooms Above Grade:
9
Kitchens Above Grade:
7
Rooms Above Grade:
37
Zoning:
R3
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block, Stone
Roof:
Asphalt Shingle
Basement:
Unfinished
Fireplace/Stove:
Yes
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Private
Parking Spaces:
5
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
Flexible/Immediate
Pool:
None
HST Applicable To Sale Price:
In Addition To, Included In
Taxes:
$6,204.45 /
2025
Assessment:
$- /
-
Prince Edward County
Prince Edward County
Picton Ward
Beach, Golf, Hospital, Library, Rec./Commun.Centre, School
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.