Picton Ward · K0K 2T0
$575,000
$954 / sq ft9 months on market
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$495,000
Picton Ward
Listing courtesy of Century 21 Lanthorn Real Estate Ltd.
Rare chance to purchase a profitable, debt-free, freehold commercial building with a long-established turnkey business in the absolute heart of downtown Picton for under $600K. Iconic family-owned submarine sandwich shop (30+ years) throwing off proven owner benefit of $200,000 annually (financials available). Completely freehold - no landlord, no lease, no triple-net headaches. 600 sq ft street-level retail + separate 2-bedroom apartment upstairs (vacant, ready for owner occupancy or additional income). Ultra-low annual taxes of only $1,250 (2025). All equipment, fixtures, recipes, and goodwill included - walk in tomorrow and start earning. Priced aggressively by retiring owners. Ideal for a hands-on operator or family who wants to live upstairs and run the business downstairs at a fraction of market value. Picton is a vibrant destination renowned for its wineries, bustling tourism, and strong community spirit. This property is perfectly positioned to thrive in this growing region.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 33% of comparable retail listings in Prince Edward County are asking less.
Based on 12 comparable active retail listings in Prince Edward County. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $575,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Century 21 Lanthorn Real Estate Ltd.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
$549,000
Picton Ward
Listing courtesy of Century 21 Lanthorn Real Estate Ltd.
$569,000
Picton Ward
Listing courtesy of Century 21 Lanthorn Real Estate Ltd.
