47 King Street, Prince Edward County, ON K0K 2T0
Prince Edward County, ON, K0K 2T0 · Picton Ward
About this property
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.
Features & Amenities
- Basement: Unfinished
- Garage: Detached
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 9 |
| Bathrooms | 7 |
| Basement | Unfinished |
| Garage | Detached |
| Parking Spaces | 5 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,204 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free, Water Heater Owned
- Fireplace
- Yes
Exterior Features
- Exterior Features
- Year Round Living
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete Block, Stone
- Roof
- Asphalt Shingle
- Basement
- Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 5
- Parking Total
- 6.00
- Parking Features
- Private
- Covered Spaces
- 1
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 164.35
- Lot Width
- 61.89
Community & Neighborhood
- Property Features
- Beach, Golf, Hospital, Library, Rec./Commun.Centre, School
Financial & Tax
- Tax Annual Amount
- $6,204
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 37
- Kitchens Above Grade
- 7
- Kitchens Total
- 7
- Bedrooms Above Grade
- 9
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Prince Edward County
- Cross Street
- King St between Bowery and Elizabeth
- Directions
- King St between Bowery and Elizabeth
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
47 King Street, Prince Edward County, ON K0K 2T0, Prince Edward County, ON, K0K 2T0