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Royal LePage
Royal LePage
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$1,199,000

Prince Edward County (Picton Ward) ON, K0K 2T0

MLS® # X12515902

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Vinyl siding
  • Fireplace: Yes
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Block, Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 7
  • Amenities Nearby: Golf Nearby, Hospital, Schools
  • Community Features: Community Centre
  • Features: Carpet Free
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 164.3 Feet
  • Lot Frontage: 61.8 Feet
  • Lot Size: 61.9 x 164.4 FT
  • Utility Type: Hydro - Installed, Cable - Installed, Sewer - Installed
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 6

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K 2T0

Demographic Information of 47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K 2T0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$117,544.10

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.87 %

High school certificate or equivalent

29.96 %

Apprenticeship trade certificate/diploma

4.99 %

College/non-university certificate

27.08 %

University certificate (below bachelor)

2.28 %

University Degree

23.83 %

Commuter

Travel To Work

By Car

74.18 %

By Public Transit

0.0 %

By Walking

24.23 %

By Bicycle

0.23 %

By Other Methods

1.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.67 %

Houses

73.33 %

Own Vs. Rent

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