47 King St

Prince Edward County | Picton | K0K 2T0
  • 9
  • 7
  • 0

Ask: $1,395,000 $1,299,000

Est. Mtg $4,404 /mo
  • Days on market

    132

  • Status

    Pc

Listing Broker CHESTNUT PARK REAL ESTATE LIMITED
Since listed: 1 views

Home details

MLS #:

X9042579

Property type:
Multiplex
Style:
3-Storey
Taxes:
$6,204
Possession:
TBD
Lot Front:
61.89   Feet
Lot Depth:
164.35   Feet
Basement:
Unfinished |
Driveway Pkg:
5
Heat:
Gas | Forced Air

Description


47 King St, , Prince Edward County, Ontario is a Multiplex property in Prince Edward County and in the Picton community in the K0K 2T0 postal code


TURNKEY INVESTMENT OPPORTUNITY. Attention investors, this rare Seven-unit MULTIPLEX is ready for you to add to your portfolio. This property is essentially self-sufficient, with great tenants and fair market rent. 47 King St is a charming property with lovely gardens and wrought iron details. This 3 story, 5000+ square foot building holds three spacious 2-bedroom units and four 1-bedroom units, with rentable detached garage and surface parking for 5 cars. All units have hardwood floors, and have seen updates. The property can be accessed from the front and the back to all apartments, hallways are clean and tidy and carpets have recently been replaced. Lots of upside potential to increase rents as tenants turn over. This property is walkable to downtown Picton's main street with tons of shopping, restaurants, trails, grocery and so much more. Financials and unit photos available upon request. Come see why investing in Prince Edward County is a great opportunity!.

Extras

Financials/Interior Photos available upon request. One unit currently vacant, with another coming available November 30, 2024. Great opportunity to renovate/increase rent..


History

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List Date End Date List Price End Price Status MLS #
1993-03 2024-02 $167,900 $160,000 Sld X7637760
1998-11 2024-02 $82,900 $82,900 Exp X7935230
2007-02 2023-09 $175,000 $175,000 Ter X6982157
2010-10 2024-02 $128,500 $128,500 Exp X7866492
2011-03 2023-09 $179,000 $179,000 Ter X6869346
2015-02 2023-10 $259,900 $259,900 Ter X7072731
2015-07 2023-10 $259,900 $316,560 Sld X7111132
2016-01 2023-10 $1,850 $1,850 Lsd X7111704
2019-07 2024-02 $299,900 $264,900 Sld X7764010
2022-04 2022-05 $599,000 $825,000 Sld X5592856
2024-07 2024-11 $1,395,000 $1,299,000 Pc X9042579
2024-10 2024-10 $799,900 $799,000 Sld X9387519
2023-07 $325,000 $325,000 X6531061
2023-07 $347,500 $347,500 X6530928
2023-07 $325,000 $325,000 X6531024
2023-07 $345,000 $325,000 X6530974
2023-07 $500,000 $500,000 X6477661

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Prince Edward County :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 47 King St

Based on available 3rd party data

$5056

Approximate costs per month

Mortgage
$4404 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$517 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Beach
  • Golf
  • Hospital
  • Library
  • Rec Centre
  • School
Listing Broker CHESTNUT PARK REAL ESTATE LIMITED
Data Source: TRREB

Payment calculator

$4921 monthly. In association with: TD Bank
%
  • Principal and Interest
    4404 /mo
  • Property Taxes
    $517 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Angela Aiello, Realtor

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