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Price Change$539,000

4 Chapel Street

Picton Ward, Prince Edward County

$520,000

Detached|1 1/2 Storey
2 | 2 | 6
About this home

Visit REALTOR website for additional information. Cottage-style house in Picton a half block from Main Street yet hidden away in a grove of maple, basswood and walnut trees. Home for a family or artist with a winterized detached garage as an office-studio-workshop. Built around 1940 in a neighbourhood of 6 other similar homes. A private lane from Chapel Street leads to a shared cul-de-sac for additional parking. Three storage spaces are easily accessible in the upstairs bedrooms and a ladder to the attic above the office. There is a perimeter fence with 2 gates, 3 doors into the house, and newer insulated windows throughout the house. Mail delivery at the Main Street post office with free box and 24/7 door key. New gutter guards easy to clean fall leaves and spring buds. 10x10' steel garden shed included. Newer washer and dryer and electric oven and dishwasher, and refrigerator, all included. One of Prince Edward County's most historic and eclectic neighbourhoods, interesting business owners, community parades, Remembrance Day ceremonies at the Cenotaph, Christmas concerts at Picton United Church, The Manse Inn, and two brew pubs only steps away. Just a 2-minute stroll to Delhi Park with a dog park and walking trails along Marsh Creek into scenic carriage roads through Glenwood Cemetery and the maple-hemlock woodlands on Macaulay Mountain.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,250
Lot Size44.13 ft x 101.24 ft
mls© NumberX13545326
Listed ByPG DIRECT REALTY LTD.

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%
$2,662
Property tax
$187
Heat allowance
$150
Housing costs
$2,999 / mo

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

Down payment20% · $104,000
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,188 / mo
Cash down
$104,000

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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