CLICK TO PLAY VIDEO TOUR
QUALITY Investment
The subject property offers a very affordable acquisition in an area that has been rapidly developing and growing. A very favorable and rarely available price per door is further bolstered by a tremendous amount of room to grow the rents are realize significant rental upside. Strong financing is available. Good suite mix in a rapidly growing market.
LUCRATIVE Upside
This investment opportunity presents an attractive suite mx with a current average rent somewhere near $400 below market at least. Some cosmetic repairs and modernization could transform the building closer to the newly modernized real estate that exists all around. Assuming reasonable turnover across the next 5 years this investment equates to nearly a 9% cap rate!
ATTRACTIVE Market
Picton’s diversified economy supports consistent housing demand, minimizing the likelihood of prolonged vacancies. Additionally, the town’s vibrant community, with its arts scene, local markets, and recreational opportunities, enhances its appeal, ensuring that multi-residential properties remain in demand. Its proximity to major cities like Toronto, Ottawa, and Kingston, all within a 2-3 hour drive, adds to its allure for commuters and those seeking a balance between rural charm and urban access
Prince Edward County
