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New4 days ago

28 Spring Street

Picton, Prince Edward County

$349,000

Detached|1 1/2 Storey
1 | 1 | 2
About this home

AFFORDABLE LIVING IN PEC! Ideal for first-time home buyers looking to put down roots or investors seeking a promising opportunity, this character-filled home offers approximately 1,100 square feet of comfortable living space in a quiet, mature neighbourhood, just a few blocks from downtown Picton. While the home would benefit from some TLC, it has good bones and offers a chance to refresh and personalize the space, while building on its existing character and versatile layout. The main level features spacious principal rooms, with a seamless flow for everyday living, and convenient main-floor laundry. The original floor plan included a second bedroom where the living room is now situated, and the space could easily be converted back to suit your needs. Upstairs, a generous bedroom comfortably accommodates a king-size bed, while the adjoining flex spaces offer plenty of possibilities - create a nursery, walk-in closet, home office, or explore the potential for a second bathroom. Original hardwood and laminate flooring bring character and practicality throughout the home. The walk-up basement provides additional storage space with convenient access from both inside the home and the back yard. Outside, the oversized fenced yard offers room to garden, relax, or play, with two garden sheds for extra storage, while the double paved driveway provides ample parking. With a flexible floor plan, opportunity for upgrades and personalization, and a central location close to Picton's amenities, this home is a welcoming place to begin or a valuable addition to an investment portfolio.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$1,911
Lot Size37.04 ft x 163.62 ft
mls© NumberX14031752
Listed ByChestnut Park Real Estate Limited

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%
$1,786
Property tax
$159
Heat allowance
$150
Housing costs
$2,096 / mo

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

Down payment20% · $69,800
25-yr amortization

Income needed

$64,000

gross annual household income

Payment at 4%
$1,469 / mo
Cash down
$69,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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