47 King Street

Prince Edward County, Picton Ward

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.

This multiplex home located at 47 King Street, Prince Edward County, ON K0K 2T0 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 9 beds, 7 bathrooms, and is 3500-5000 square feet. The property is N/A years old. 47 King Street, Prince Edward County, ON K0K 2T0 is in Prince Edward County neighborhood Picton Ward.