47 King Street
47 King Street
47 King Street
47 King Street
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4 photos

47 King Street

Picton Ward, Prince Edward County, ON
Listed 29 days ago
$1,025,000Sold Conditionally
$1,026,924Estimated value
9Bedrooms
7Bathrooms
3500-5000 sqftSize
6 (1 garage)Parking
62 ft × 164 ftLot Size
MultiplexProperty Type

47 King Street

Prince Edward County, ON · Picton Ward

Listed 29 days ago
Bedrooms9
Bathrooms7
Size3500-5000 sqft
Parking6 (1 garage)
Lot Size62 ft × 164 ft
Property TypeMultiplex
$1,025,000
Sold Conditionally
MLS# X13207660
$1,026,924Estimated value

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About this home

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…

Features & Details

Property Type
Multiplex
Tax
$6,204 / 2025
Building Age
100+ years
Size
3500-5000 sqft
Lot Size
61.89 x 164.35 Feet
Basement Info
Unfinished
Total Parking Spaces
6 (1 Garage)
Title
Residential Freehold
Property Style
3-Storey
Community
Picton Ward
Municipality
Prince Edward County
Construction
Vinyl Siding
Cross Street
King St between Bowery and Elizabeth
Front Door Facing
North
Local Amenities
Beach, Golf, Hospital, Library, Rec./Commun.Centre, School
Lot Legal Description
LT 372 PL 24 PICTON; PRINCE EDWARD
Data Source
Central Lakes Association of REALTORS
Brokerage
Century 21 Lanthorn Real Estate Ltd.
Listed On
May 28, 2026
Listing Expires On
Aug 28, 2026
Listing Updated On
Jun 24, 2026
Bedrooms
9
Bathrooms
7
Kitchens
7
Rooms
37
Bathroom Detail
3 Pcs on Main Level
Bathroom Detail
4 Pcs on Main Level
Bathroom Detail
4 Pcs on 2nd Level
Bathroom Detail
3 Pcs on 3rd Level
Driveway
Private
Garage Type
Detached
Garage
1
Parking
6
Heating
Forced Air
Heat Source
Gas
Cooling
None
Sewer
Sewer
Fireplace
Yes
Swimming Pool
None
Roof Material
Asphalt Shingle
Foundation Type
Concrete Block, Stone
Interior Features
Carpet Free, Water Heater Owned

Listing History

Active29 days on marketCurrently viewingMLS #X13207660
May 28, 20261 month ago
Listed for Sale
Sign in to view
Listed for Sale79 days on marketMLS #X12974448
Apr 9, 20262 months ago
Listed for Sale
Sign in to view

Estimate History

Estimated value, last 24 months
Jul 2024 – Jun 2026
$1.09M
$0.98M
$0.87M
$0.76M
Jul
Dec
May
Oct
Mar
Jun

Automated estimate from Polsinello Predictive AI. Not an appraisal. Actual market value may differ.

Mortgage calculator

Estimated monthly payment
$5,000

Estimated payment. Does not include property tax, insurance, or condo fees.

Location & nearby

Picton Ward Real Estate Market

Prince Edward County · last 90 days
$555,000
Median sold price
44 days
Avg days on market
28
Homes sold (90 days)
14%
Sold above asking
79%
Sold below asking
$340–$458/ft²
Price per sq ft
Median price trend
Jul 2025 – Jun 2026
$892K
$677K
$463K
$248K
Jul
Oct
Jan
Apr
Jun

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