483 Highway 49 Road, Prince Edward County

$675,000
483 Highway 49 Road

$675,000

New
18d
Detached2-Storey

483 Highway 49 Road, Prince Edward County

Total Monthly Obligation $3,218

Beds
5
Baths
2
Park
6
Sqft
2500-3000
DOM
18d
Yield
4.4%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13864758
Beds-5
Bathrooms-2
Size-2500-3000 sqft
Lot Size-89.52 × 369.24 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$1,443.86 (2025)
Parking-6 - None
Basement-Unfinished
Heating-Water (Gas)
Brokerage-Harvey Kalles Real Estate Ltd.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Metal
Foundation-Stone
Sewer-Septic
Possession-Flexible
Neighbourhood-Hallowell Ward
Title-Residential Freehold

No agent assigned

Attention developers, investors, and builders-this is a rare opportunity within the town limits of Picton. Set on approximately .84 acres with municipal water and sewer, this property presents exceptional redevelopment potential in one of the most sought-after communities inPrince Edward County. While a house currently exists on the property, the highest and best use is redevelopment. The Official Plan supports future residential intensification, and preliminary discussions with a private planner indicate the site could potentially support 8-10residential units through rezoning to R3 or R4. A concept plan is being prepared outlining the potential for a three-storey, three-unit residential building at the front of the property, with additional townhouse units positioned further back on the land. Large parcels with full municipal services inside Picton's settlement boundary are increasingly rare, making this a compelling opportunity for those looking to participate in the continued growth of the community. Notes: House is on a septic, but town sewer is available. Current structure and outbuildings being sold where is, as is.

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Closing Costs

Mortgage Amount
$540,000
Land Transfer Taxes$9,975
Legal Fees (Est.)
$
Total cash required for closing$146,475

Total Monthly Obligation

$3,218/mo
Mortgage $2,723
Monthly Loss $2,502
Principal$716
Interest$2,006
Property Tax$120
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 483 Highway 49 Road

Time

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