Commercial For Sale In Prince Edward County (Picton), Ontario

$2,900,000

None Beds

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279-281 Picton Main Street, Prince Edward County (Picton), ON

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279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

$2,900,000

Property Information:

Investment property for sale in an excellent location in the heart of downtown Picton. Two retail storefronts, with an additional leased building behind. Main floor commercial Tenants are well established, a restaurant, a hair salon, and a pottery studio + gallery. Above are five residential apartments which were fully renovated in 2021 including new heat pumps for all units. Potential to increase income by leasing additional owner occupied spaces: 1) Rear building lower level approximately 1000 sf and 2) garage building at the back of the property. The property is two pieces divided by municipal parking road access behind the building. Net Operating Income for the property supports the asking price for this investment. (id:27)

Building Features:

Style: Business
Air Conditioning: Yes
Floor Space: 9900 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Fully air conditioned

Property Features:

Property Type: Business
Floor Space (approx): 9900 Square Feet
Irregular: Yes
Lot Depth: 180.0 Feet
Lot Frontage: 57.0 Feet
Lot Size: Bldg=57 x 180 FT
Zoning: CC - Core Commercial

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

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Market Price Trends

All Properties

1.57%

Price change (1 year)

44.87%

Price change (5 years)

Location of 279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

37 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

37 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 279-281 PICTON MAIN STREET , experiences 7 hot days per year at around 29.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 37 hot days at 33.1 degrees Celsius.

Projected Avg. Temperature

Past

29.4℃

2050

33.1℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

65/100

Moderate-High

ClimateCheck®

Current data

This property, 279-281 PICTON MAIN STREET , experiences 11 significant 2-day storms per year, with about 332.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 418.2mm of precipitation per year.

Precipitation Per Storm

Past

332.3mm

2050

418.2mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$117,544.10

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.87 %

High school certificate or equivalent

29.96 %

Apprenticeship trade certificate/diploma

4.99 %

College/non-university certificate

27.08 %

University certificate (below bachelor)

2.28 %

University Degree

23.83 %

Commuter

Travel To Work

By Car

74.18 %

By Public Transit

0.0 %

By Walking

24.23 %

By Bicycle

0.23 %

By Other Methods

1.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.67 %

Houses

73.33 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

All Properties

Location of 279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

279-281 PICTON MAIN STREET, Prince Edward County (Picton), Ontario, K0K 1T0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing