For Sale - 29 Downes Avenue, Prince Edward County, Ontario

Est payment $4,754/mo
Views   1
Time on Jump  1 days
  • Well maintained 6-plex with a mix of one and two-bedroom units.
  • All units available vacant for immediate tenant placement.
  • Ample parking for tenants in a large front lot.
  • Fenced yard with gazebo creates a pleasant outdoor retreat.
  • Access to coin laundry on lower level for tenant convenience.



Well maintained 6-plex at the edge of downtown picton, consisting of 4 two bedroom and 2 one bedroom units, being delivered entirely vacant upon closing. Each unit has been finished and maintained similarly to the unit shown in the photo reel and all units are separately metered. A large parking lot out front will provide ample parking for your future tenants. The owners fenced in the yard and created a relaxing retreat for the tenants with a gazebo and some patio furniture; perfect spot for other outdoor amenities of your choice. All tenants have access to coin laundry on the lower level where the 2 two bedroom units are also situated. Last years expenses are available and they are attractive. Taxes are an estimate based on the mpac assessment of the property multiplied by the county of prince edward multiplex tax rate. This building is estimated to have a cap rate of 8% - 9% depending on your rents and how expenses are paid. Starting fresh with a property delivered vacant provides an opportunity to create the level of amenity that will garner great returns.
Listing IDX13067390
Address29 Downes Avenue
CityPrince Edward County, Ontario
Price$990,000
Bed / Bath10 / 6 Full
Style2-Storey, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Separate Hydro MeterOwnership FreeholdBasement Walk-Out, Finished with Walk-OutFoundation Poured ConcreteHeating / Cooling RadiantHeating Fuel GasSewer Sewer
Parking 10.00
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Listing Agency:  CENTURY 21 LANTHORN REAL ESTATE LTD.

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29 Downes Avenue
Prince Edward County , Ontario
10 6 $990,000
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