<-- style PDP --> 29 Downes Avenue, Prince Edward County - Multiplex for sale for $990,000
  • sold
  • leased

29 Downes Avenue

Prince Edward County, Ontario, K0K 2T0 - Picton Ward

$990,000$000000

  • Neighbourhood

    Picton Ward

  • Major Intersection

    Simeon & Downes

  • Listed Since: 194 day(s)

  • Last update: 185 day(s) ago

Overview

  • Property Type

    Multiplex, 2-Storey

  • Bedrooms

    10

  • Bathrooms

    6

  • Basement

    W/O + Fin W/O

  • Kitchen

    6

  • Total Parking

    10

  • Lot Size

    88.29x102.31 (Feet)

  • Taxes

    $7,607.50 (2025)

  • Type

    Freehold

Property Description

Property description for 29 Downes Avenue, Prince Edward County

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.

Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.

  • MLS #

    X13067390

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    51-99

  • Pool

    None

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    10

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Membrane

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X13067390

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    51-99

  • Pool

    None

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    10

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Membrane

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Estimated price

Date
Price
Change
2026-05-01
$1,036,014
0.00%

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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