$1,025,000

Multiplex

47 King Street, Prince Edward County, ON

41 DAYS
9
7
1
3500-5000
47 King Street, Prince Edward County, ON K0K 2T0 - photo 1 of 4
47 King Street, Prince Edward County, ON K0K 2T0 - photo 2 of 4
47 King Street, Prince Edward County, ON K0K 2T0 - photo 3 of 4
47 King Street, Prince Edward County, ON K0K 2T0 - photo 4 of 4
1 / 4

Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.

Property Highlights

Garage

1 space

Property Tax

$6,204/yr

Age

100+ yrs

Lot Size

10,172 sqft

Style

3-Storey

Basement

Unfinished

Monthly Cost

$4,845/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$4,328
Property Tax ($6,204/yr)$517
Total$4,845

Price & Listing History

Schools

Location

Tap to view full map

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage