47 KING STREET
Central Lakes · K0K2T0
$1,199,000
About this residence
BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, 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 private surface parking spaces. The building is 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. Projected financials are available upon request. A solid addition to any investment portfolio in a fast-growing area. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 9 (9 above)
- Bathrooms
- 7
- Storeys
- 3
- Living area
- 3,500–5,000 sq ft
- Lot size
- 61.9 x 164.4 FT
- Frontage
- 61.1 feet
- Parking
- 6 spaces
- Fireplace
- Yes
- Annual tax
- $6,204
- MLS®
- X12515902
- Board
- Central Lakes
- Status
- Inactive
- Listed
- Nov 6, 2025
- Updated
- Nov 6, 2025
Features & finishes
Appliances
- Water Heater
Heating
- Forced air
- Natural gas
Basement
- Unfinished
Exterior
- Vinyl siding
Foundation
- Block
- Stone
Parking
- Garage
- Detached Garage
Lot
- Carpet Free
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
Financing
Estimated monthly payment
$5,607/mo
Loan amount
$959,200
Down payment
$239,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0K- 115,850
- Population
- 51
- Median age
- $83,000
- Median income
- $500,000
- Median home value
- 86%
- Home ownership
- 29 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 47 KING STREET?
47 KING STREET is listed for $1,199,000, in Central Lakes.
How many bedrooms and bathrooms does 47 KING STREET have?
It offers 9 bedrooms and 7 bathrooms.
What type of home is 47 KING STREET?
47 KING STREET is a Multi-family, Other set over 3 storeys.
How large is 47 KING STREET?
The home offers approximately 3,500–5,000 sq ft of living space on a lot measuring 61.9 x 164.4 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $5,607. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $6,204 per year.
Is there parking?
Yes — 47 KING STREET includes 6 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 115,850, a median age of 51, a 86% home-ownership rate, with an average commute of about 29 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $83,000.
Similar residences
Comparable Other near Central Lakes at a similar price.
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