47 King Street, Prince Edward County, ON

$1,025,000
MLS#:X13207660
9 beds
7 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["3-Storey"] multiplex located in the coveted neighborhood of Picton Ward. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,025,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 9 Bedrooms and 7 Bathrooms with 7 functional kitchens
  • Generous living space spanning 3500-5000 sqft on a premium 61.89 x 164.35 ft lot
  • Features a ["unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Carpet Free, Water Heater Owned
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
9
Bathrooms
7
Kitchens
7
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date5/28/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionVinyl Siding
Lot Size61.89 × 164.35 Feet
CountyPrince Edward County
Annual Tax$6,204.45
Legal DescriptionLT 372 PL 24 PICTON; PRINCE EDWARD

Parking & Garage

Parking Spaces6.0
Garage Spaces5
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Beach, Golf, Hospital, Library, Rec./Commun.Centre, School

Community Features

Location

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47 King Street, Prince Edward County, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 47 King Street, Prince Edward County, ON K0K 2T0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$820,000
Monthly Mortgage$4,764
Property Tax (Est.)$517
Utilities & Maint.$350
Total Monthly Cost$5,631

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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Nearby Listings

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No current listings found in Prince Edward County.