71 Queen Street
Prince Edward County, ON
- 17 bed
- 12 bath
- approx. 3500-5000 sqft
- Detached
A RARE RESIDENTIAL AND DEVELOPMENT OPPORTUNITY IN THE HEART OF PICTON! Situated on a generous double lot in a desirable established residential neighbourhood, this property offers an exceptional combination of location, character, existing income potential and future development possibilities.Under the Picton Secondary Plan, the property is designated Town Residential, supporting a broad range of residential uses, subject to applicable zoning, approvals and municipal requirements. Given the size of the property, there may also be potential for severance or additional residential development, subject to municipal review and approvals. The existing circa-1880 residence offers plenty of character and an expansive layout featuring two separate two-bedroom apartments, making it an attractive option for an investor, multi-generational living or those looking to live in one unit while generating rental income from the other. The property also features an insulated double-car garage with room for a workshop and storage, abundant surfaced parking, a private fenced yard and a substantial double lot with ample space to explore future development options.For those simply looking for a prime residential property in a great Picton neighbourhood, this is an excellent opportunity to own a sizeable lot with an established home, mature setting and plenty of room to enjoy. For developers and investors, the property's planning designation, lot size and potential for severance or additional residential development add another layer of opportunity. Whether you're looking for a character-filled Picton home, an investment property or a property with future development potential, this one deserves a closer look. Bring your ideas and explore the possibilities!
Listing Details
- Taxes (2025)
- $7,495
- Listed
- October 5, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Metal, Fibreglass Shingle
- Foundation
- Poured Concrete
- Interior
- Accessory Apartment, In-Law Suite, Workbench, Water Heater, Water Meter, Wheelchair Access
- Lot Size
- 155 x 104 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Johnson St
- Zoning
- R3-10
- Parcel Number
- 550610016
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- negotiable
- Rental Items
- none
Schools
Secondary
- Prince Edward Collegiate Institute0.1 km
Public · Hastings & Prince Edward DSB · 515 students
Grade 10 literacy: 75% met the provincial standard
Elementary
- Prince Edward Collegiate Institute Elementary School0.1 km
Public · Hastings & Prince Edward DSB · 615 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 37% met the provincial standard
- St Gregory Catholic School0.9 km
Catholic · Algonquin and Lakeshore CDSB · 215 students
Grade 3 reading: 45% met the provincial standard · Grade 6 math: 17% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Prince Edward County · last 12 months
- Median sold price
- $600,000
- Homes sold
- 439
- Median days on market
- 40
- Sale-to-list price
- 95.4%
Based on 439 recorded sales of residential freehold properties in Prince Edward County over the last 12 months.
Listed by
Royal Lepage Proalliance Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$173,000
Estimated Monthly Payment
$4,249
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,249/mo (20% down, 5.5%)
Taxes: $625/mo · Insurance: $216/mo
Estimates only. Consult a financial advisor.
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