The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
ENDLESS POSSIBILITIES IN PRINCE EDWARD COUNTY! Discover a truly unique property in a prime location along Loyalist Parkway, just two minutes from downtown Picton and five minutes from Bloomfield. Situated on a generous lot, this charming two-bedroom, two-bathroom home is complemented by two substantial outbuildings that open the door to an incredible range of possibilities. Whether your passion is art, music, woodworking, automotive restoration, or simply having the space to bring your ideas to life, this property delivers! The impressive main outbuilding is over 3000 sq ft and is already equipped with a 220-volt electrical supply, making it an ideal space for a workshop, studio, or a variety of other pursuits. The second outbuilding, at the front of the property presents another exciting opportunity, including the potential for conversion to a secondary dwelling unit. Have something more entrepreneurial in mind? Having operated as the site of a successful business for 34 years, this highly visible location along one of Prince Edward County's main corridors offers exciting possibilities for a commercial venture. Imagine a boutique hospitality destination, restaurant, brewery, gallery, or another business concept that takes advantage of PEC's thriving tourism industry, subject to zoning and municipal approvals. Recent improvements include a complete electrical system update in the home just two years ago, along with a new roof approximately five years ago and updated flooring in the kitchen and living room. Live, work, create, or invest - properties offering this much flexibility, space, and location are a rare find in Prince Edward County!
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,723/mo
Mortgage (principal + interest)$2,431
Property taxFrom listing: $3,506/yr$292
Minimum $39,990 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$129,980
Ontario land transfer taxProvincial brackets, no first-time refund$9,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$142,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Prince Edward County has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
