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Price Change$937,500

50 Elizabeth Street

Picton Ward, Prince Edward County

$899,000

Detached|2-Storey
3 | 3 | 4
About this home

Steps from the restaurants and shops on Main Street, this timeless red-brick character home offers an exceptional value proposition, meticulously updated to "forever-home" standards with zero major capital expenses left to do. Enjoy complete peace of mind with a new steel roof (2024), Andersen composite windows (2024), full fencing (2023), and new mechanicals including furnace & water tank (2023). Additional high-value bonuses include a custom natural gas fireplace with a reclaimed barn wood mantel (2023), high-efficiency Bosch dishwasher (2022), and modern washer and dryer (2026). Relax among low-maintenance perennial gardens from your newly refinished front porch with railing (2023), custom gate (2024), and epoxy-coated front deck (2026). Unlocking endless opportunities, the property comes complete with multiple distinct living and functional spaces: a detached 4-season office or creative space (2023), a separate finished garage complete with a gas fireplace and vinyl flooring, plus a private studio apartment with a proven track record as a successful guest accommodation (5-star Superhost status), also perfectly appointed for an in-law or guest suite. Previous owners had the home separated into 3 distinct units (main floor studio, in-law studio & upstairs 2 bedroom), offering unmatched functional flexibility for a downtown property.Priced under $900k for an immediate, high-value fall opportunity, don't miss out on owning this turn-key, beautifully restored red-brick gem in the heart of downtown Picton.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,883
Lot Size80.6 ft x 94.26 ft
mls© NumberX13676962
Listed ByEKORT REALTY LTD.

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%
$4,601
Property tax
$240
Heat allowance
$150
Housing costs
$4,992 / mo

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

Down payment20% · $179,800
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,783 / mo
Cash down
$179,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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