BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, well-maintained 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 surface parking spaces. The building is clean and 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.Financials available upon request. A solid addition to any investment portfolio in a fast-growing area.
For sale
C$1,199,000
47 King St, Prince Edward County, ON K0K 2T0
9beds
7baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Hardwood floorsUpdated interiorsSurface parking spacesMature gardensWrought iron details
- 78 days
- on Zillow |
- 8 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 19, 2025 at 05:34pm
Listed by:
CENTURY 21 LANTHORN REAL ESTATE LTD.
Source: TRREB,MLS®#: X12193077
Originating MLS®#: Central Lakes Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Water Heater Owned
Features
- Flooring: Carpet Free
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Living area range: 3500-5000 null
Property
Parking
- Total spaces: 6
- Parking features: Private
- Has garage: Yes
Features
- Stories: 3
- Exterior features: Year Round Living
- Pool features: None
Lot
- Size: 10,171.62 Square Feet
- Features: Beach, Golf, Hospital, Library, Rec./Commun.Centre, School, Rectangular Lot
Details
- Parcel number: 550620040
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Block, Stone
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Prince Edward County
Financial & listing details
- Annual tax amount: C$6,204
- Date on market: 6/3/2025
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