1398 Old Milford Road
Prince Edward County, ON
- 9 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
- 1 days on market
A rare investment opportunity awaits on 47 acres in beautiful Prince Edward County, just 15 minutes from the heart of Picton. This unique property features five fully self-contained residential units, four of which have been recently updated with new appliances and modern finishes. Extensive upgrades have been made throughout, including updated heating and cooling systems for each unit and the garage, underground hydro service from the road, a newly installed generator, and a brand new well ensuring ample water supply to all units. The garage is outfitted with laundry hookups, a washroom, and a spacious back room that would make an ideal office, studio, or workshop. Outside, enjoy a well-maintained above-ground communal pool with a surrounding wooden deck and secure fencingperfect for relaxation or entertaining. Whether you're looking to house staff for a local business, live in one unit while generating income from the others, or take advantage of a profitable investment opportunity, this property checks every box. With limited quality multi-unit offerings available in the County, this is your chance to secure a turnkey income property with room to grow.
Listing Details
- Taxes (2025)
- $5,650
- Listed
- September 2, 2026
Price History
Property
- Style
- Bungalow
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Guest Accommodations, In-Law Capability, Storage
- Lot Size
- 234.79 x 2652.85 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 22
Utilities
- Sewer
- Septic
- Heat Source
- Other
Location & Legal
- Cross Street
- Old Milford Rd between Scotts Mills Rd & Jacksons Falls Rd
- Zoning
- RU, EP
- Parcel Number
- 550830205
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Personal belongings
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
- $592,500
- Homes sold
- 468
- Median days on market
- 40
- Sale-to-list price
- 94.9%
Based on 468 recorded sales of residential freehold properties in Prince Edward County over the last 12 months.
Listed by
Chestnut Park Real Estate Limited
Mortgage Calculator
$310,000
Estimated Monthly Payment
$7,615
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,615/mo (20% down, 5.5%)
Taxes: $471/mo · Insurance: $388/mo
Estimates only. Consult a financial advisor.
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