29 Downes Avenue Prince Edward County, Ontario K0K 2T0
$990,000
Well maintained 6-plex at the edge of downtown Picton, consisting of 4 two bedroom and 2 one bedroom units, being delivered entirely vacant upon closing. Each unit has been finished and maintained similarly to the unit shown in the photo reel and all units are separately metered. A large parking lot out front will provide ample parking for your future tenants. The owners fenced in the yard and created a relaxing retreat for the tenants with a gazebo and some patio furniture; perfect spot for other outdoor amenities of your choice. All tenants have access to coin laundry on the lower level where the 2 two bedroom units are also situated. Last years expenses are available and they are attractive. Taxes are an estimate based on the MPAC assessment of the property multiplied by the County of Prince Edward multiplex tax rate. This building is estimated to have a cap rate of 8% - 9% depending on your rents and how expenses are paid. Starting fresh with a property delivered vacant provides an opportunity to create the level of amenity that will garner great returns. (id:47351)
Property Details
| MLS® Number | X13067390 |
| Property Type | Multi-family |
| Community Name | Picton Ward |
| Features | Gazebo |
| Parking Space Total | 10 |
| Structure | Shed |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Range, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Walk Out |
| Basement Type | N/a (finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Alarm System |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 102 Ft ,3 In |
| Size Frontage | 88 Ft ,3 In |
| Size Irregular | 88.3 X 102.3 Ft |
| Size Total Text | 88.3 X 102.3 Ft |
| Zoning Description | R3 |
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May 01 2026 04:22:36
Central Lakes Association of REALTORS®