47 King Street
Prince Edward County
K0K 2T0
$1,199,000
Residential Freehold
beds: 9
baths: 7.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12193077
- Bedrooms:
- 9
- Bathrooms:
- 7
- Photos (4)
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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"
- Lot Frontage:
- 61'11"
- 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
- Carpet Free, Water Heater Owned
- Year Round Living
- Tenant's Belonings
- Vinyl Siding
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
- Date Listed:
- Jun 03, 2025
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Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.
Data was last updated October 13, 2025 at 09:15 PM (UTC)
- WEI WANG
- Bay Street Group Inc.
- 1 (647) 9147337
- Contact by Email
Wei Wang @ Bay Street Group Inc. Brokerage
Location
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