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George Nichols For All Your Sudbury Real Estate 22 Years Experience In Selling & Leasing Commercial Properties

Picton (Ontario, CA - K0K 2T0 )

Royal LePage North Heritage Realty Brokerage

George Nichols


Type: Commercial
Style:  Commercial " storey building with 24 units"
Development Level: Built
Bedrooms: 59 "24 units total - ( 11 two bed units, 12 three bed, 1 one bed)"
Bathrooms: 24
Lot Size: 100.03ft x 349.11ft
Year Built: 2019 "Approx"
Taxes: $50,000.00 (2019)
MLS® #: 1180061

Investment property with 24 fully occupied apartment units in the beautiful community of Picton Ontario, Prince Edward County. Comprised of 1 x one bedroom, 11 x two bedrooms, and 12 x three bedrooms apartment units. Efficiently built building with an Elevator. Each unit has its own ERV's and Hot Water Tanks. 24 hydro meters, tenants pay their own in-unit hydro costs. 30 parking spots plus 2 disabled parking spots. 40-year fiberglass shingles. Fridge, stove & dishwashers in every apartment unit included. Laundry facilities equipped with rented coinamatic Income generating machines on each floor. 100% tenanted! Great management team and live in superintendent in place! Located a short distance from grocery stores, shopping, the Prince Edward County Memorial Hospital & the famous Sandbanks Provincial Park.

Estimated Gross Revenues $404,340.00
Total Operating Expenses $131,171.00

Estimated Net Operating Income

Estimated CAP Rate: 5.3%
Parking: 32 Incl. Plus Visitors &
Heating: Baseboard Electric
Chattels: 24 Fridges, 24 Stoves, 24 Hood
fans, 24 Dishwashers, 24 ERV’s, 25 Hot
Water Tanks.

 Electric Baseboard
Brokered and Advertised by:
   Capital Homes Realty Inc., Brokerage

Information is deemed to be correct but not guaranteed.

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