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$ 1,165,000
Est. payment /mo
Active Under Contract
111 West Mary ST Prince Edward County, ON K0K 2T0
11,642 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,642 sqft
Price per Sqft $100
Subdivision Picton Ward
MLS Listing ID X13457426
Annual Tax Amount $7,444
Tax Year 2026
Property Sub-Type Commercial Retail
Lot Depth 135.0
Lot Front 44.0
Lot Depth 135.0
Lot Front 44.0
Property Description
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.
Location
Province ON
County Prince Edward County
Area Prince Edward County
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 44.0
Lot Depth 135.0
Others
Security Features Yes
ParcelsYN No
Listed by COLLIERS
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