$1,165,000
Available - For Sale
Listing ID: X13457432
111 West Mary Street , Prince Edward County, K0K 2T0, Prince Edward Co
| 111 West Mary Street presents a rare opportunity to acquire a well-maintained former long-term care facility in the heart of Picton, Ontario. Situated on approximately 0.734 acres, the property features a double-storey institutional building of approximately 11,642 square feet, formerly licensed for 45 beds. The efficient, barrier-free layout provides strong functionality for a range of care-oriented and institutional uses, complemented by surface parking and a highly accessible site configuration. Upon sale, the property presents a unique opportunity for repositioning to a range of alternative uses, creating strong appeal for investors, developers and owner-users alike. The property benefits from flexible Institutional (I) zoning permissions, which accommodate a wide range of institutional, community, and public uses including hospitals, medical clinics, nursing homes, community centres, daycare centres, places of worship, public and private schools, libraries, and other assembly-based or service-oriented uses. The existing building infrastructure and floorplate also support potential conversion to retirement living, supportive housing, or other residential redevelopment pathways, subject to municipal approvals. Strategically located within the urban core of Picton and within close proximity to everyday essentials and major food and beverage operators, 111 West Mary Street benefits from strong walkability and access to key amenities, retail services, and community infrastructure. Supported by favourable demographic trends, including a population base projected to reach over 8,700 within 5 kilometres by 2035 and steadily rising household incomes across the surrounding trade area, the property represents a compelling opportunity for users and developers seeking a value-add institutional asset with significant long-term upside. |
| Price | $1,165,000 |
| Taxes: | $7444.77 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 111 West Mary Street , Prince Edward County, K0K 2T0, Prince Edward Co |
| Postal Code: | K0K 2T0 |
| Province/State: | Prince Edward Co |
| Legal Description: | PT LT 798-800, 815 PL 24 PICTON PT 1 47R |
| Directions/Cross Streets: | West Mary Street and Ontario Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Seniors Residence |
| Building Percentage: | T |
| Total Area: | 11642.00 |
| Total Area Code: | Square Feet |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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| COLLIERS |
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Rocky Li
Realtor
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416-567-3688
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905-604-6855
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At a Glance:
| Type: | Com - Investment |
| Area: | Prince Edward County |
| Municipality: | Prince Edward County |
| Neighbourhood: | Picton Ward |
| Tax: | $7,444.77 |
| Fireplace: | N |
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