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$799,900
Available - For Sale
Listing ID: X12085949
PRIME INVESTMENT OPPORTUNITY IN PRINCE EDWARD COUNTY! This well established 7 unit commercial building, located in the heart of Picton, is just one block off Main Street and boasts a full occupancy rate, ensuring a steady income stream. The ground-level units are easily accessible, catering to a variety of businesses and customers. The second level unit is a highly rated, licensed short-term accommodation, adding a unique and profitable aspect to the property. Several recent updates throughout the building enhance its appeal and functionality. With 16 dedicated parking spaces, the property offers convenience for both occupants and customers. Situated in a popular location with great curb appeal, this commercial building benefits from excellent visibility and foot traffic, making it an ideal addition to any investment portfolio. Annual rental income from the commercial units is $62,286. The STA brings in approx. $28,000 annually (potential for higher STA income if rented full time). Don't miss the chance to own a thriving commercial property in the midst of one of Ontario's most thriving tourist regions, highlighted by sandy beaches, wineries, breweries, farmers markets, a variety of dining experiences and much more!
Price $799,900
Taxes: $9,626.17
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 7 Paul Stre , Prince Edward County, K0K 2T0, Prince Edward Co
Postal Code: K0K 2T0
Province/State: Prince Edward Co
Legal Description: PT LT 238, 241, 297 PL 24 PICTON PT 1, 2
Directions/Cross Streets: Market Ln & King St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Multi-Use
Use: Service Related
Building Percentage: T
Total Area: 4,556
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: No
Outside Storage: F
Heat Type: Other
Central Air Conditioning: Partial
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CHESTNUT PARK REAL ESTATE LIMITED

7 Paul Stre , Prince Edward County, K0K 2T0, Prince Edward Co


 
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At a Glance:
Type: Com - Commercial Retail
Area: Prince Edward County
Municipality: Prince Edward County
Neighbourhood: Picton
Style:
Lot Size: x 103.83(Feet)
Approximate Age: 51-99
Tax: $9,626.17
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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