Home Details for 1 Lake Street

Located in the heart of downtown Picton, this high-profile two-story duplex offers exceptional exposure, walkability, and long-term investment appeal in one of Prince Edward County's most vibrant hubs. Surrounded by shops, restaurants, cafes, and year-round tourism, the property benefits from constant foot traffic and outstanding visibility. One side of the building is configured with eight professional office spaces, including five leased to strong, established tenants and three vacant offices, providing immediate income with excellent upside for a new owner to occupy space or increase revenue. The layout is ideal for medical, legal, accounting, wellness, or professional services, with flexibility. The other side features a licensed, turnkey short-term accommodation, currently operating successfully as an Airbnb. This fully furnished 4-bedroom unit with two full bathrooms is move-in ready and designed to capture Picton's thriving tourism market. Extensive renovations include blown-in insulation, an owned gas hot-water-on-demand system, and separate furnaces, A/C units, basements, and entrances for each unit, allowing for efficient, independent operation. With 15 on-site parking spaces-a rare asset downtown-this property offers unmatched versatility, strong income potential, and a true live, work, and invest opportunity in the center of Prince Edward County. (id:31684)

• Heating Information

  • Forced Air
  • Natural Gas