29 Downes Avenue
Prince Edward County (Picton Ward), ON K0K 2T0
- 10Bedrooms
- 6Bathrooms
- 10Parking
- 2500–3000Sq Ft
- $7,608Tax
- 88×102 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 29 Downes Avenue, Prince Edward County, Picton Ward
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-01 | 2026-05-10 | Login to See Prices | Sold | x13067390 |
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About 29 Downes Avenue, Prince Edward County, Picton Ward
Summarized Description
- 6-plex located at downtown Picton.
- All units delivered vacant upon closing.
- Each unit is separately metered.
- Fenced yard with gazebo for tenants.
- Attractive cap rate of 8%-9%.
- Ample parking available for tenants.
- Coin laundry accessible on lower level.
- Opportunity to enhance rental amenities.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $7,608
- Land Transfer Tax Fee
- $16,275
- Basement Type
- Walk-Out, Finished with Walk-Out
Interior Features
- Interior Extras
- Separate Hydro Meter
- Security Features
- Alarm System
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Other Structures
- Gazebo, Shed
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 51-99
Construction
- Exterior Finish
- Brick
- Roof
- Membrane
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 88.29 ft
- Lot Depth
- 102.31 ft
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- Refrigerator x6, Stove x 6, Hood Range x 6, Coin Operated Washer, Coin Operated Dryer, Gazeebo, Picnic table
Exclusions
- Exclusions
- Tenant belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 10
- Total Garage And Parking Spaces
- 10
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 10
- Washrooms
- 6
- Kitchens
- 6
- Family / bonus room
- Yes
Washrooms
- 4-piece
- Municipality
- Prince Edward County
- Neighbourhood
- Picton Ward
- Main cross streets
- Simeon & Downes
- Zoning
- R3
- Directions
- Take Main St to Walton, turn up and then left on King. King turns up onto Downes, follow and address will be on the left.
- MLS® number
- X13067390
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-05-10
- Listed on
- 2026-05-01
- Days on market
- 9 days
- Possession date
- 2026-08-01
- Possession type
- 60-89 days
- Co-op commission
- 2.5%
- Seller
- Listed by
- CENTURY 21 LANTHORN REAL ESTATE LTD.
Home Market Value
Current home valuation for 29 Downes Avenue, Prince Edward County, Picton Ward, Prince Edward County, ON. Listed for $990,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 29 Downes Avenue, Prince Edward County, Picton Ward
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $490,000 over $500K
$74,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,630 | $27,621 | $23,562 | $0 |
=Total mortgage | $952,380 | $918,621 | $865,062 | $792,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,650monthly | $4,485monthly | $4,224monthly | $3,867monthly |
Land Transfer Tax
$16,275
$16,275
Around this home
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