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47 KING STREET
Picton Ward Prince Edward County (Picton Ward) K0K 2T0

$1,025,000
Multi-family beds: 9 baths: 7.0

Main Photo: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
Photo 1: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
Photo 2: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
Photo 3: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
Photo 4: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
X12767110
Bedrooms:
9
Bathrooms:
7
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:2493)
Property Type:
Multi-family
Living Area (Min):
3,500 sq. ft.
Living Area (Max):
5,000 sq. ft.
Zoning:
R3
Taxes:
$6,204.45 / -
Community:
Picton Ward
Exterior Features:
Vinyl siding
Community Features:
Community Centre
Structure Type:
Other
Utilities:
Sewer, Electricity, Cable
Appliances Included:
Water Heater
Bedrooms:
9
Bedrooms Above Grade:
9
Bathrooms:
7.0
Cooling:
None
Fireplace:
Yes
Foundation:
Stone, Block
Heating:
Forced air, Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Unfinished, N/A
Lot Frontage:
61'1¼"
Lot Details:
61.9 x 164.4 FT
Lot Features:
Carpet Free
Parking:
Detached Garage, Garage
Total Parking Spaces:
6
  • Photo 1: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
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  • Photo 2: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
    Photo 2 of 4
  • Photo 3: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
    Photo 3 of 4
  • Photo 4: 47 KING STREET in Prince Edward County (Picton Ward): Multi-family for sale : MLS®# X12767110
    Photo 4 of 4
Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.
Data was last updated March 4, 2026 at 05:15 AM (UTC)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.