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47 King ST Prince Edward County, ON K0K 2T0
9 Beds
7 Baths
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Picton Ward
MLS Listing ID X13207660
Sold Date -
Style 3-Storey
Bedrooms 9
Annual Tax Amount $6,204
Tax Year 2025
Property Sub-Type Multiplex
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.
Location
Province ON
County Prince Edward County
Area Prince Edward County
Zoning R3
Rooms
Family Room No
Basement Unfinished
Kitchen 7
Interior
Interior Features Carpet Free, Water Heater Owned
Cooling None
Exterior
Exterior Feature Year Round Living
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 61.89
Lot Depth 164.35
Total Parking Spaces 6
Building
Building Age 100+
Foundation Concrete Block, Stone
Others
Senior Community Yes
ParcelsYN No
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