483 Highway 49 Road
Prince Edward County, ON
5 bed • 2 bath • approx. 2500-3000 sqft • Detached • 174 days on market
Attention developers, investors, and builders-this is a rare opportunity within the town limits of Picton. Set on approximately .84 acres with municipal water and sewer, this property presents exceptional redevelopment potential in one of the most sought-after communities inPrince Edward County. While a house currently exists on the property, the highest and best use is redevelopment. The Official Plan supports future residential intensification, and preliminary discussions with a private planner indicate the site could potentially support 8-10residential units through rezoning to R3 or R4. A concept plan is being prepared outlining the potential for a three-storey, three-unit residential building at the front of the property, with additional townhouse units positioned further back on the land. Large parcels with full municipal services inside Picton's settlement boundary are increasingly rare, making this a compelling opportunity for those looking to participate in the continued growth of the community. Notes: House is on a septic, but town sewer is available. Current structure and outbuildings being sold where is, as is.
Listing Details
- Taxes (2025)
- $1,444
- Originally Listed
- $699,000
- Listed
- March 6, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Metal
- Foundation
- Stone
- Interior
- Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned, Water Meter
- Lot Size
- 89.52 x 369.24 Feet
Utilities
- Sewer
- Septic
- Heat Source
- Gas
Location & Legal
- Cross Street
- Picton Main St & Fawcett Ave.
- Zoning
- R1
- Possession
- Flexible
Commercial
- Occupancy
- Owner
Included
- Inclusions
- N/A.
- Exclusions
- All personal items.
Schools
Secondary
- Prince Edward Collegiate Institute1.2 km
Public · Hastings & Prince Edward DSB · 515 students
Grade 10 literacy: 75% met the provincial standard
Elementary
- Prince Edward Collegiate Institute Elementary School1.2 km
Public · Hastings & Prince Edward DSB · 615 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 37% met the provincial standard
- St Gregory Catholic School1.4 km
Catholic · Algonquin and Lakeshore CDSB · 215 students
Grade 3 reading: 45% met the provincial standard · Grade 6 math: 17% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Prince Edward County · last 12 months
- Median sold price
- $597,000
- Homes sold
- 478
- Median days on market
- 40
- Sale-to-list price
- 95.0%
Based on 478 recorded sales of residential freehold properties in Prince Edward County over the last 12 months.
Listed by
Harvey Kalles Real Estate Ltd.
Walk Score
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Scores by Walk Score®
Location
Mortgage Calculator
$135,000
Estimated Monthly Payment
$3,316
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $120/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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