Excellent Investment Property with 3 Commercial and 4 Residential Unit

Asking Price$2,150,000

Gross Revenue
Not Disclosed

Net Operating Income$151,225

FF&ENot Disclosed

Building Sq. Ft.6154

Price per Sq. Ft.$370.00

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Excellent Investment Property with 3 Commercial and 4 Residential Unit


Asking Price$2,150,000

Gross Revenue
Not Disclosed

Net Operating Income$151,225

FF&ENot Disclosed

Building Sq. Ft.6154

Price per Sq. Ft.$370.00


Seller Financing Available
Property Description
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 cafes, 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.
About the Property
Type
Other Business Real Estate
Building Status
Established
Facilities & Assets
3 Commercial Units and 4 Residential Units. Property is fully Leased.
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
$40,170
Listing Info
ID:
2355720
Listing Views:
1082

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Property Listed by: Paul Pryce The County Guys Real Estate Group

Listing ID: 2355720 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.