302 Picton Main Street

About this home

One of Prince Edward County's most iconic commercial addresses is now available for your review. Ideally positioned at the gateway to the historic Main Street shopping district, 302 Main Street enjoys outstanding exposure to both consistent local traffic and the vibrant tourism that defines the County. Surrounded by boutique shops, popular restaurants, and charming cafés, this is a premier, high-visibility location in the heart of Picton.This well-maintained mixed-use building features three commercial storefront units at street level, offering excellent frontage and long-term tenant appeal. Above, the property includes four fully renovated residential apartments, comprised of one spacious two-bedroom suite and three well-designed one-bedroom units.The residential units have been extensively updated with modern, on-trend finishes and are equipped with newer heat pumps, providing efficient heating and cooling, enhanced tenant comfort, and reduced operating costs. These upgrades contribute to strong tenant retention and premium rental appeal.With six of the seven units currently leased to long-term tenants and a strong cap rate, this property offers immediate, stable income with the benefit of continued upside potential.An exceptional opportunity to acquire a landmark building with a balanced mix of commercial and residential revenue streams in one of Ontario's most sought-after destinations.

Details

Type

Investment

Lot

60.06 × 125 ft

Garage

None

Property tax

$6,840 (2025)

Neighbourhood

Picton Ward

Municipality

Prince Edward County

Interior

Bathrooms

7 × bathroom

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Yes

Utilities

Yes

Building and exterior

Building area

6,155 Square Feet

More

Possession

TBD

Cross street

Picton Main/ Bridge Street