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Description
This charming, circa 1900 row house offers three well-maintained two-bedroom units with 1.5 bathrooms, each with its own unique character and appeal. All units are south-facing, filling the living spaces with natural light, and feature thoughtful updates, including a newer roof (5 years), updated appliances, and original pine floors. Each unit has a gas furnace and 2 split heating/AC units. With modern upgrades blended seamlessly with historic charm, the property offers both comfort and long-term value. Each unit enjoys private outdoor living with rear decks and stairs leading down to a shared backyard retreat. The common space features perennial gardens, a cozy fire pit, and a detached garden studio ideal for hobbies or creative pursuits along with a garden shed for tools and storage. This inviting outdoor area enhances the property's appeal to tenants and creates a sense of community. Well set up for investment, the property includes separate hydro and gas meters and heating systems, with each tenant responsible for their own utilities. Every unit has two dedicated parking spaces plus additional guest parking, ensuring convenience. Current rents range from $1,600 to $2,000, generating a gross operating income of $64,8000 annually. With its blend of character, updates, and strong rental performance, this is a standout investment opportunity. Located 400 m from the harbour and 650 m from the top of the Town Hill and downtown Picton. Rental income information and home inspection available.
Overview
Property ID:
HML-497126080034
Type:
Triplex
Bedrooms:
6
Bathrooms:
6
Square:
2,750 ft2
Price:
$875,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Wall Unit(s)
Heating:
Forced Air
ParkingFeatures:
None
YearBuilt:
100+
TaxAnnualAmount:
2976
PossessionDetails:
Flexible
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