Located in the heart of downtown Picton, this high-profile two-story duplex offers exceptional exposure, walkability, and long-term investment appeal in one of Prince Edward County's most vibrant hubs. Surrounded by shops, restaurants, cafes, and year-round tourism, the property benefits from constant foot traffic and outstanding visibility. One side of the building is configured with eight professional office spaces, including five leased to strong, established tenants and three vacant offices, providing immediate income with excellent upside for a new owner to occupy space or increase revenue. The layout is ideal for medical, legal, accounting, wellness, or professional services, with flexibility. The other side features a licensed, turnkey short-term accommodation, currently operating successfully as an Airbnb. This fully furnished 4-bedroom unit with two full bathrooms is move-in ready and designed to capture Picton's thriving tourism market. Extensive renovations include blown-in insulation, an owned gas hot-water-on-demand system, and separate furnaces, A/C units, basements, and entrances for each unit, allowing for efficient, independent operation. With 15 on-site parking spaces-a rare asset downtown-this property offers unmatched versatility, strong income potential, and a true live, work, and invest opportunity in the center of Prince Edward County.
Address
1 Lake Street
List Price
$850,000
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Prince Edward County
Sub-Area
Picton Ward
Bathrooms
4
Lot Size Source
GeoWarehouse
Lot Depth
128.36
Lot Type
Lot
Lot Irregularities
as per survey
Lot Size Units
Feet
Lot Width
162.25
Parcel Number
550640030
Total Building Area
3346
Occupant Type
Tenant
Cross Street
Lake Street and Picton Main
MLS® Number
X12744192
Listing Brokerage
KELLER WILLIAMS ENERGY REAL ESTATE
Postal Code
K0K 2T0
Posession Details
TBD
Tax Amount
$8,512.00
Tax Year
2025
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
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