302 Picton Main Street, Prince Edward County (Picton Ward) - Business for Sale
302 Picton Main Street, Prince Edward County (Picton Ward), Ontario, K0K2T0
This business in Prince Edward County is for sale offering roughly 6,155 sq ft of space.
Description
One of Prince Edward County's most iconic commercial addresses is now available for your review. Ideally positioned at the gateway to the historic Main Street shopping district, 302 Main Street enjoys outstanding exposure to both consistent local traffic and the vibrant tourism that defines the County. Surrounded by boutique shops, popular restaurants, and charming cafs, this is a premier, high-visibility location in the heart of Picton.This well-maintained mixed-use building features three commercial storefront units at street level, offering excellent frontage and long-term tenant appeal. Above, the property includes four fully renovated residential apartments, comprised of one spacious two-bedroom suite and three well-designed one-bedroom units.The residential units have been extensively updated with modern, on-trend finishes and are equipped with newer heat pumps, providing efficient heating and cooling, enhanced tenant comfort, and reduced operating costs. These upgrades contribute to strong tenant retention and premium rental appeal.With six of the seven units currently leased to long-term tenants and a strong cap rate, this property offers immediate, stable income with the benefit of continued upside potential.An exceptional opportunity to acquire a landmark building with a balanced mix of commercial and residential revenue streams in one of Ontario's most sought-after destinations. (id:66096)
Property Details
- MLS®
- X12984522
- Property Type
- Business
- Zoning
- UC
- Bathrooms
- 7
- Interior Size
- 6,155 ft²
- Lot Size
- 60 × 125 ft (7,508 sq ft)
- Frontage
- 60 ft
- Heating
- Forced air, Natural gas, Other
- Cooling
- Fully air conditioned
- Property Tax
- $6,840/yr
- Listed
- 210 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 210 days on market, against an average age of 147 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 67 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Prince Edward County (Picton Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0K)
This home lists at $2,150,000, about 25.9× the local median household income of $83,000.
Carrying it typically needs a household income of about $419,970 (20% down, 25-yr amortization, stress-tested) — roughly 406% above the area median.
- Median household income
- $83,000
- Population
- 115,850
- Median age
- 50.8
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0K)
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$2,150,000
Prince Edward County