Salehian.com 647-325-5000

67 King Street

Picton Ward, Prince Edward County, K0K 2T0

$2,299,000

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Listed 105 days ago · MLS® X13532334

About this home

Offered at a 6.6% CAP Rate. Turnkey three-unit commercial investment in downtown Picton rented to government and institutional tenants that have been in place since 1993. Long-term leases in place with automatic renewals at market rent. 12,392 sq. ft. building on 0.835 acres with 55 on-site paved parking spaces and additional municipal lots and free parking steps away, and green space at the back of the property. The site is zoned CG-6 with full municipal services. The building, originally built in 1970 and fully renovated in 1993, features concrete block construction, an acrylic stucco exterior, and a TPO flat roof, which was replaced in 2020. Separately metered units with 3-phase 400-amp service, 5 rooftop HVAC units, a fire alarm system, and an elevator (tenant-maintained). Unit 1: 6,596 sq. ft. completely renovated in 2024 on two floors, Unit 2: 4,967 sq. ft., Unit 3: 829 sq. ft. The rent is calculated on 11,688 sq. ft. of net inside floor space. No easements or rights-of-way. The building is located 1 block from the center of Main Street, Picton.

Details

Type
Office
Age
51-99 years
Lot
77.88 × 269.49 ft
Garage
Reserved/Assignd
Property tax
$31,365 (2025)
Neighbourhood
Picton Ward
Municipality
Prince Edward County

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Age
51-99 years
Building area
12,392 Square Feet

More

Possession
Flexible
Cross street
Centre Street

Location

Location is approximate. See nearby homes on the map

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The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 24 cafés and restaurants, 10 parks, 3 pharmacies. Nearest grocery: Bulk Barn (450 m). Nearest park: Benson Park & Multipurpose Court (50 m).

Schools nearby

Elementary

  • St. Gregory Catholic School Catholic
    EQAO: Gr 6 reading 44%, math 17%    14 min walk

Secondary

  • Prince Edward Collegiate Institute9 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K0K

Owners / renters
86% / 14%
Median household income
$83,000
Average age
47
Children under 15
14%
Homes
90% detached, 0% high-rise
Commute by transit
0%
Population
115,850

Languages spoken most at home besides English: German 0.2%, Spanish 0.1%, Mandarin 0.1%, Korean 0.1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Gordons Real Estate Brokerage Ltd..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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