28 Spring Street, Prince Edward County

$349,000
28 Spring Street

$349,000

New
10d
Detached1 1/2 Storey

28 Spring Street, Prince Edward County

Total Monthly Obligation $1,942

Beds
1
Baths
1
Park
2
Sqft
1100-1500
DOM
10d
Yield
8.3%
Cash on Cash
11.4%
Cap Rate
7.0%
5Y IRR
24.8%
10Y IRR
22.3%
Property Type-Detached
MLS® Number-X14031752
Beds-1
Bathrooms-1
Size-1100-1500 sqft
Lot Size-37.04 × 163.62 ft
Listed on site-Oct 13, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$1,911.12 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Chestnut Park Real Estate Limited
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Picton
Title-Residential Freehold

No agent assigned

AFFORDABLE LIVING IN PEC! Ideal for first-time home buyers looking to put down roots or investors seeking a promising opportunity, this character-filled home offers approximately 1,100 square feet of comfortable living space in a quiet, mature neighbourhood, just a few blocks from downtown Picton. While the home would benefit from some TLC, it has good bones and offers a chance to refresh and personalize the space, while building on its existing character and versatile layout. The main level features spacious principal rooms, with a seamless flow for everyday living, and convenient main-floor laundry. The original floor plan included a second bedroom where the living room is now situated, and the space could easily be converted back to suit your needs. Upstairs, a generous bedroom comfortably accommodates a king-size bed, while the adjoining flex spaces offer plenty of possibilities - create a nursery, walk-in closet, home office, or explore the potential for a second bathroom. Original hardwood and laminate flooring bring character and practicality throughout the home. The walk-up basement provides additional storage space with convenient access from both inside the home and the back yard. Outside, the oversized fenced yard offers room to garden, relax, or play, with two garden sheds for extra storage, while the double paved driveway provides ample parking. With a flexible floor plan, opportunity for upgrades and personalization, and a central location close to Picton's amenities, this home is a welcoming place to begin or a valuable addition to an investment portfolio.

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Closing Costs

Mortgage Amount
$279,200
Land Transfer Taxes$3,710
Legal Fees (Est.)
$
Total cash required for closing$75,010

Total Monthly Obligation

$1,942/mo
Mortgage $1,408
Monthly Loss $1,572
Principal$370
Interest$1,037
Property Tax$159
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 28 Spring Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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