$2,150,000

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 cafs, 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. (id:64343)

Property Details

MLS® Number	X12984522
Property Type	Business
Community Name	Picton Ward

Building

Bathroom Total	7
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air, Other
Size Interior	6,155 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	125 Ft
Size Frontage	60 Ft
Size Irregular	60.06 X 125 Ft
Size Total Text	60.06 X 125 Ft
Zoning Description	Uc

https://www.realtor.ca/real-estate/29588940/302-picton-main-street-prince-edward-county-picton-ward-picton-ward