About this property

Offered at a 6.6% CAP Rate. Turnkey three-unit commercial investment in downtown Picton rented to government and institutional tenants that have been in place since 1993. Long-term leases in place with automatic renewals at market rent. 12,392 sq. ft. building on 0.835 acres with 55 on-site paved parking spaces and additional municipal lots and free parking steps away, and green space at the back of the property. The site is zoned CG-6 with full municipal services. The building, originally built in 1970 and fully renovated in 1993, features concrete block construction, an acrylic stucco exterior, and a TPO flat roof, which was replaced in 2020. Separately metered units with 3-phase 400-amp service, 5 rooftop HVAC units, a fire alarm system, and an elevator (tenant-maintained). Unit 1: 6,596 sq. ft. completely renovated in 2024 on two floors, Unit 2: 4,967 sq. ft., Unit 3: 829 sq. ft. The rent is calculated on 11,688 sq. ft. of net inside floor space. No easements or rights-of-way. The building is located 1 block from the center of Main Street, Picton.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13532334
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	12,392 sq ft
Lot Size	12,392 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Picton Ward
City	Prince Edward County
Postal Code	K0K 2T0
Province	ON
Listed Date	July 7, 2026
Days on Market	30
Price per Sq Ft	$186
Brokerage	Gordons Real Estate Brokerage Ltd.