$1,395,000

47 King St

Picton, Prince Edward County, Ontario, K0K 2T0

| | | 5,000 sq.ft. | Year Built: 100+ |
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TURNKEY INVESTMENT OPPORTUNITY. Attention investors, this rare Seven-unit MULTIPLEX is ready for you right in the heart of Picton. This property is currently fully tenanted with great tenants and fair market rent. One unit will be available for new tenants. 47 King St is a charming property with lovely gardens and wrought iron details. This 3 story, 5000+ square foot building holds three spacious 2-bedroom units and four 1-bedroom units, with rentable detached garage and surface parking for 5 cars. All units have hardwood floors, and have seen updates. The property can be accessed from the front and the back to all apartments, hallways are clean and tidy and carpets have recently been replaced. Lots of upside potential to increase rents as tenants turn over. This property is walkable to downtown Picton's main street with tons of shopping, restaurants, parks, grocery and so much more. Financials and unit photos available upon request. Come see why investing in Prince Edward County is a great opportunity!

Property Info
MLS®: X9042579
Listing Courtesy of CHESTNUT PARK REAL ESTATE LIMITED
Total Bedrooms 9
Total Bathrooms 7
Floor Space 5000 sq.ft.
Lot Size 10172 sq.ft.
Style 3-Storey
Last Updated 2024-07-17
Property Type Multiplex
Listed Price $1,395,000
Unit Pricing $279/sq.ft.
Strata Fee $
Tax Estimate $6,204/Year
Year Built 100+
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