47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K2T0
MLS: X12767110 | Other
$1,025,000
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. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: 9 (9 above)
- Bathrooms: 7
- Fireplaces: Yes
- Parking: 6.0 spaces (Detached Garage, Garage)
- Frontage: 61 ft (18.6 m)
Costs
- Annual Taxes: $6,204.45
Listing Provided by: CENTURY 21 LANTHORN REAL ESTATE LTD.
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: None
- Basement: Unfinished, N/A
- Appliances: Water Heater
- Utilities: Sewer, Electricity, Cable
Exterior & Construction
- Exterior: Vinyl siding
- Foundation: Stone, Block
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 61 ft (18.6 m)
- Features: Carpet Free
- Zoning: R3
Community & Neighbourhood
- Community: Community Centre
- Neighbourhood: Picton Ward
Listing Information
Listing History
MLS listing activity for 47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K2T0 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K2T0