3 SPRING Street
K0K 2T0 )
- Type: Commercial
- Style: Commercial " storey building with 24 units"
- Bedrooms: 59 "24 units total - ( 11 two bed units, 12 three bed, 1 one bed)"
- Bathrooms: 24
- Development Level: Built
- Lot Size: 100.03ft x 349.11ft
- Year Built: 2019 "Approx"
- Taxes: $50,000.00 (2019)
- MLS ® #: 1180061
Investment property with 24 fully occupied apartment units in the beautiful community of Picton Ontario, Prince Edward County. Comprised of 1 x one bedroom, 11 x two bedrooms, and 12 x three bedrooms apartment units. Efficiently built building with an Elevator. Each unit has its own ERV's and Hot Water Tanks. 24 hydro meters, tenants pay their own in-unit hydro costs. 30 parking spots plus 2 disabled parking spots. 40-year fiberglass shingles. Fridge, stove & dishwashers in every apartment unit included. Laundry facilities equipped with rented coinamatic Income generating machines on each floor. 100% tenanted! Great management team and live in superintendent in place! Located a short distance from grocery stores, shopping, the Prince Edward County Memorial Hospital & the famous Sandbanks Provincial Park.
Estimated Gross Revenues $404,340.00
Total Operating Expenses $131,171.00
Estimated Net Operating Income
Estimated CAP Rate: 5.3%
Parking: 32 Incl. Plus Visitors &
Heating: Baseboard Electric
Chattels: 24 Fridges, 24 Stoves, 24 Hood
fans, 24 Dishwashers, 24 ERV’s, 25 Hot
Information is deemed to be correct but not guaranteed.
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