Power of Sale Listings

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

Prince Edward County, ON K0K 2T0 · Multiplex

$1,025,000

For Sale
List Price
9 Beds 7 Baths 6 Parking Spaces Listed on Site 1 month ago
Listing Highlights
Status
For Sale
Days on Site
46
Listed on Site
May 28, 2026
MLS® #
X13207660
Source
IDX (PropTx)
Last Updated
Jul 2, 2026
Exposure
North
Occupancy
Tenant
Possession
Flexible
Listing Brokerage
Century 21 Lanthorn Real Estate Ltd.
Listing History
  • Active May 28, 2026

    $1,025,000

  • Active Under Contract Jun 8, 2026

    $1,025,000

  • Active Jun 30, 2026

    $1,025,000

Listing 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 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.

Property Summary
Property Type
Residential Freehold
Property Style
Multiplex
Neighbourhood / Community
Picton Ward
County / Region
Prince Edward County
Land Size
61.9 x 164.4 FT (Rectangular)
Annual Property Taxes
$6,204 (2025)
Zoning
R3
Approximate Age
100+
Building
Basement Type
Unfinished
Foundation Type
Concrete Block, Stone
Heating
Forced Air (Gas)
Cooling
None
Fireplace
Yes
Construction Materials
Vinyl Siding
Roof
Asphalt Shingle
Rooms
Bedrooms
9 Total
Bathrooms
7 Total
Exterior Features
Exterior Finish
Year Round Living
Pool
None
Garage
Detached
Parking Spaces
6
Parking Type
Private
Utilities
Sewer
Sewer
Land
Lot Size
61.9 x 164.4 FT
Depth
164.4 ft
Interior Features
Carpet Free Water Heater Owned
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Location

Directions: King St between Bowery and Elizabeth

Listing Provided By

Century 21 Lanthorn Real Estate Ltd.

Data provided by: Central Lakes Association of REALTORS