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$1,550,000
Prince Edward County
1398 Old Milford Road, Prince Edward County (South Marysburg Ward), Ontario, K0K2T0
This multi-family property in Prince Edward County is for sale offering roughly 4,250 sq ft of space. It has been on the market 62 days, fresher than the Prince Edward County average of 96 days.
A rare investment opportunity awaits on 47 acres in beautiful Prince Edward County, just 15 minutes from the heart of Picton. This unique property features five fully self-contained residential units, four of which have been recently updated with new appliances and modern finishes. Extensive upgrades have been made throughout, including updated heating and cooling systems for each unit and the garage, underground hydro service from the road, a newly installed generator, and a brand new well ensuring ample water supply to all units. The garage is outfitted with laundry hookups, a washroom, and a spacious back room that would make an ideal office, studio, or workshop. Outside, enjoy a well-maintained above-ground communal pool with a surrounding wooden deck and secure fencingperfect for relaxation or entertaining. Whether you're looking to house staff for a local business, live in one unit while generating income from the others, or take advantage of a profitable investment opportunity, this property checks every box. With limited quality multi-unit offerings available in the County, this is your chance to secure a turnkey income property with room to grow. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 96 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 9-bed multi-family in Prince Edward County (South Marysburg Ward) has been listed for 62 days, which is 34 days fresher than the city average of 96. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,550,000, about 18.7× the local median household income of $83,000.
Carrying it typically needs a household income of about $302,769 (20% down, 25-yr amortization, stress-tested) — roughly 265% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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