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47 Paul Street

Picton Ward, Prince Edward County

$820,000

Detached|2-Storey
3 | 2 | 3
About this home

Introducing 47 Paul Street in the heart of picturesque Prince Edward County. Perfectly positioned on a prominent corner in one of Picton's most desirable neighbourhoods, this classic Queen Anne residence is just a stroll away from downtown shops, dining, theatre and amenities. A convenient feature of this home is the close proximity to Prince Edward Collegiate Institute. Imagine the piece of mind having your children attend school just steps away. Surrounded by other heritage properties, this distinguished home stands out with its wraparound gazebo-style porch adorned with intricate gingerbread detailing. Large, inviting windows fill the interior with natural light, creating a warm and welcoming atmosphere ideal for family living or guest accommodations. The home offers three bedrooms and two full bathrooms as well as a transferrable whole-home Short-Term Accommodation (STA) license. Character details are beautifully preserved throughout, from the tongue-and-groove wood ceiling in the kitchen to the original millwork, decorative spindle accents and substantial baseboards. Designed with both comfort and entertaining in mind, the main floor features a formal dining room and spacious living room, along side an updated kitchen complete with brand-new countertops and charming original woodceiling detail. The home's original staircase leads to a generous upper level with a cozy family sitting area, three well-proportioned bedrooms, and a second full bathroom.Practical features include a detached single-car garage and ample storage space, offering convenience to match the home's historic charm. At 47 Paul Street, classic architectural beauty blends seamlessly with modern-day updates.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,164
Lot Size65.14 ft x 90.9 ft
mls© NumberX12831416
Listed ByRoyal Lepage Proalliance Realty

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,197
Property tax
$264
Heat allowance
$150
Housing costs
$4,611 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $164,000
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,451 / mo
Cash down
$164,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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