Listed by Century 21 Lanthorn Real Estate Ltd..

29 Downes Avenue is a Multiplex, 2-Storey and is currently for Sale @ $990,000. Taxes in 2025 were $7,607.50.

More homes for sale under 1M in Prince Edward County

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. The 2-Storey on 29 Downes Avenue has 10 bedrooms, 6 bathrooms, and is located on a 102.31 x 88.29 ft lot in the community of Picton Ward . 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.

Refrigerator x6, Stove x 6, Hood Range x 6, Coin Operated Washer, Coin Operated Dryer, Gazeebo, Picnic table

The address 29 Downes Avenue was listed for sale (MLS# X13067390) on Friday, May 01, 2026.