29 Downes AVE, Prince Edward County, ON K0K 2T0
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29 Downes AVE, Prince Edward County, ON K0K 2T0
29 Downes AVE, Prince Edward County, ON K0K 2T0
29 Downes AVE, Prince Edward County, ON K0K 2T0
29 Downes AVE, Prince Edward County, ON K0K 2T0
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Paige Zazinsky

Paige Zazinsky

+1(647) 985-1564
$ 990,000
Est. payment /mo
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29 Downes AVE Prince Edward County, ON K0K 2T0

10 Beds

6 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Picton Ward

MLS Listing ID X13067390

Style 2-Storey

Bedrooms 10

Annual Tax Amount $7,607

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Prince Edward County

Area Prince Edward County

Rooms

Family Room Yes

Basement Walk-Out, Finished with Walk-Out

Kitchen 6

Interior

Interior Features Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Membrane

Lot Frontage 88.29

Lot Depth 102.31

Total Parking Spaces 10

Building

Building Age 51-99

Foundation Poured Concrete

Others

Security Features Alarm System

ParcelsYN No

Virtual Tour https://www.dropbox.com/scl/fi/mqmfj71efm5a1qgixuydj/29-Downes-Ave-Prince-Edward-mls-exterior-only-unbranded.mov?rlkey=amjveilrrmsmoxhxsgz4vnwd5&st=dqtfuvv2&dl=0

Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.
Paige Zazinsky

Paige Zazinsky

Agent

+1(647) 985-1564

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29 Downes AVE