331 & 333 Picton Main Street, Prince Edward County, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of Picton. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,220,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 80 x 81 ft lot size
- equipped with partial central cooling and highly efficient gas forced air open heating
Description
Located in the heart of downtown Picton, 331 & 333 Picton Main Street comprise a rare opportunity offering two separate buildings on one property, totaling 4,486 sq. ft. of mixed-use space. 331 Main Street features approximately 982 sq. ft. of fully renovated commercial space and is currently tenanted with two years remaining on the lease, providing immediate income. The property enjoys excellent visibility along Picton's primary commercial corridor and is within walking distance to shops, restaurants, and local amenities. 333 Main Street is currently vacant and offers exceptional flexibility for a new owner. The building includes two side-by-side main-floor commercial units totaling approximately 1,752 sq. ft., along with two second-floor residential units totaling approximately 1,752 sq. ft. The vacant configuration allows for easy conversion or repositioning to suit a variety of commercial or mixed-use needs. Ample on-site parking with access from Paul Street further enhances the functionality of this unique, consolidated Main Street property.
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Pricing & Value Insights
Data-driven valuation for 331 & 333 Picton Main Street, Prince Edward County, ON K0K 2T0
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About Purchasing a Home in Prince Edward County, ON
For a property listed at $1,220,000 in Prince Edward County, the legal minimum down payment is $244,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,875 for this transaction. As this listing is in Prince Edward County (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,875.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.