Well maintained 6-plex at the edge of downtown Picton, consisting of 4 two bedroom and 2 one bedroom units, being delivered entirely vacant upon closing. Each unit has been finished and maintained similarly to the unit shown in the photo reel and all units are separately metered. A large parking lot out front will provide ample parking for your future tenants. The owners fenced in the yard and created a relaxing retreat for the tenants with a gazebo and some patio furniture; perfect spot for other outdoor amenities of your choice. All tenants have access to coin laundry on the lower level where the 2 two bedroom units are also situated. Last years expenses are available and they are attractive. Taxes are an estimate based on the MPAC assessment of the property multiplied by the County of Prince Edward multiplex tax rate. This building is estimated to have a cap rate of 8% - 9% depending on your rents and how expenses are paid. Starting fresh with a property delivered vacant provides an opportunity to create the level of amenity that will garner great returns.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
51-99
Total Approx Floor Area:
2500-3000
Lot Depth:
102'4"31.2 m
Lot Frontage:
88'3½"26.9 m
Lot Shape:
Rectangular
Direction Faces:
West
Bedrooms:
10
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
6
Bedrooms Above Grade:
10
Kitchens Above Grade:
6
Rooms Above Grade:
30
Zoning:
R3
Heating type:
Radiant
Heating Fuel:
Gas
Foundation:
Poured Concrete
Roof:
Membrane
Basement:
Walk-Out, Finished with Walk-Out
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Gazebo, Shed
Parking Spaces:
10
Total Parking Spaces:
10.0
Family Room:
Yes
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
In Addition To
Taxes:
$7,607.5 /
2025
Assessment:
$- /
-
Prince Edward County
Prince Edward County
Picton Ward
Separate Hydro Meter
Alarm System
Refrigerator x6, Stove x 6, Hood Range x 6, Coin Operated Washer, Coin Operated Dryer, Gazeebo, Picnic table
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