50 Elizabeth Street
Prince Edward County, ON
3 bed • 3 bath • approx. 1500-2000 sqft • Detached • 13 days on market
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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Listing Details
- Taxes (2026)
- $2,883
- Originally Listed
- $937,500
- Listed
- August 14, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Metal
- Foundation
- Stone
- Interior
- Accessory Apartment, In-Law Capability, Guest Accommodations
- Lot Size
- 80.6 x 94.26 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Barket St
- Parcel Number
- 550610145
- Possession
- Flexible
Commercial
- Occupancy
- Owner
Included
- Inclusions
- Fridge, Gas Stove, Microwave, Dishwasher, Washer, Dryer, Custom Window Coverings. Airbnb Furnishings including: Hot Plate, Microwave, Bed and Bed Frame, Bed Side Tables, Dresser, Fridge, Water Cooler, Dining Table & Chairs.
- Rental Items
- Hot Water Tank & Furnace (Reliance $117.51/ monthly)
Schools
Secondary
- Prince Edward Collegiate Institute0.3 km
Public · Hastings & Prince Edward DSB · 515 students
Grade 10 literacy: 75% met the provincial standard
Elementary
- Prince Edward Collegiate Institute Elementary School0.3 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 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.
Rooms
2-piece on Main, 4-piece on Second, 3-piece on Main
Second
- Bathroom9' x 11'
- Bedroom13'1" x 11'
- Bedroom 210'8" x 12'4"
- Den10'2" x 7'11"
- Laundry5'3" x 8'4"
Main
- Bathroom5'9" x 4'5"
- Bathroom5'8" x 7'7"
- Bedroom 313'8" x 17'2"
- Dining Room10'9" x 10'6"
- Kitchen8' x 14'3"
- Living Room26' x 16'9"
- Study8'5" x 7'4"
Listed by
EKORT REALTY LTD.
Location
Mortgage Calculator
$179,800
Estimated Monthly Payment
$4,417
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,417/mo (20% down, 5.5%)
Taxes: $240/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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