For Sale

47 King Street, Prince Edward County, Ontario K0K 2T0

$0

47 King Street, Prince Edward County, Ontario K0K 2T0 is For Sale and has a listing price of 1,199,000. The property is located in the Prince Edward County neighbourhood . It's been on the website for 122 Days.

  • Multiplex
    Property Type
  • 9
    Bedrooms
  • 7
    Bathrooms
  • Parking
  • MLS ID: X12193077
  • Office Name CENTURY 21 LANTHORN REAL ESTATE LTD.
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 surface parking spaces. The building is clean and 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. Financials are available upon request. A solid addition to any investment portfolio in a fast-growing area.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12193077
  • Price: $1,199,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 164.35
  • Ref ID: X12193077
  • Approx Sqft: 3500-5000
  • Dir / Cross St: King St between Bowery and Elizabeth
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 100+
  • Property Type: Multiplex
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
06/03/2025 X12193077 $1,199,000 For Sale - -
03/05/2025 X12003211 $1,274,999 Cancelled 06/02/2025 -
01/10/2025 X11916860 $1,299,000 Cancelled 03/05/2025 -
07/17/2024 X9042579 $1,299,000 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Prince Edward County
  • $850,376 Average List Price
    based on 1 year
  • 202 New Listings
    based on 30 days
  • 104 Median Days on Market
    based on 1 year
  • List vs. Selling Price 151.86 % Up
  • Sold (12mo) 413
  • Rented (12mo) 86

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 94 Walk Score
    Walker's Paradise
  • 62 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    73.39%
  • Commercial
    19.27%
  • Condo
    5.67%
  • Land for Sale
    1.68%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 3-storey
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 5
  • Exterior Vinyl Siding
  • Kitchen 7
  • Fireplace Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 4
  • Washrooms Type 4 # Pcs: 3
  • Washrooms Type 2: 2
  • Washrooms Type 3: 2
  • Washrooms Type 4: 2
  • Taxes: $6,204
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible/Immediate
  • Listing Entry Date: 03/06/2025 18:43:39
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