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340 Main Street

Picton Ward, Prince Edward County

$985,000

Detached|2-Storey
3 | 1 | 8
About this home

This remarkable 1900s character-filled residence sits on Picton's coveted Main Street with harbour views! Over 4000+ sq ft and flexible R3 zoning, the potential is truly boundless: craft your dream residence, launch a home business, create multi-unit apartments, or blend them all. Original charm shines through soaring ceilings, craftsman woodwork, and a marble fireplace to guide your creative vision. Key updates include spray foam insulation, vaulted ceilings, new electrical wiring and panels, plus durable metal roofing. Ample parking for 8+ vehicles rounds out this rare opportunity. Walking distance to all of Picton's sought after amenities such as the Cape, shops at the Armouries, Bocado and many more fantastic downtown spots. Built to last. Ready to inspire. Your next great project starts here.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$6,215
Lot Size81.05 ft x 153.42 ft
mls© NumberX13022876
Listed ByCentury 21 Lanthorn Real Estate Ltd.

Listing History

  • No recent sale history for this listing.
  • 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%
$5,042
Property tax
$518
Heat allowance
$150
Housing costs
$5,710 / mo

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

Down payment20% · $197,000
25-yr amortization

Income needed

$176,000

gross annual household income

Payment at 4%
$4,145 / mo
Cash down
$197,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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