1 Mortimer Street 15, Prince Edward County

$689,000
1 Mortimer Street 15

$689,000

New
21d
Condo Townhouse2-Storey

1 Mortimer Street 15, Prince Edward County

Total Monthly Obligation $3,870

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
21d
Score
15
Yield
3.7%
Cash on Cash
-12.4%
Cap Rate
1.9%
5Y IRR
5.9%
10Y IRR
7.1%
Property Type-Condo Townhouse
MLS® Number-X13861264
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,801.44 (2026)
Maintenance-$573.9/mo
Locker-Owned
Parking-1 - None
Basement-Crawl Space
Heating-Forced Air (Electric)
Brokerage-Chestnut Park Real Estate Limited
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-Picton Ward
Title-Residential Condo & Other

No agent assigned

Waterfront living in the heart of Picton, complete with your own private boat slip. Welcome to Royal Harbour, one of Picton's most sought-after waterfront communities, where you can enjoy life on the water without sacrificing the convenience of being steps from Picton's shops, restaurants, cafés, and everyday amenities. This beautifully maintained and thoughtfully updated townhouse offers the perfect blend of boating lifestyle and walkable in-town living.Each residence in this exclusive complex includes a dedicated boat slip, deeded parking space, and storage locker, making it easy to spend your days exploring Prince Edward County by both land and water.Inside, the main level is designed to make the most of its waterfront setting, with lovely views over Picton Harbour from the living area and the recently renovated kitchen. A powder room, and generous storage add everyday functionality, while a walkout leads to your private deck and the scenic waterfront boardwalk. Upstairs, the spacious primary bedroom, currently used as a den, enjoys tranquil harbour views and features a large walk-in closet. A second generous bedroom, four-piece bath, and laundry room provide comfortable accommodations for family and guests. The impressive skylight above the staircase fills both levels with natural light throughout the day.Whether you're an avid boater, a water enthusiast, or simply dreaming of a vibrant waterfront lifestyle with restaurants, boutiques, and the marina just a short stroll away, this exceptional Royal Harbour townhouse offers a rare opportunity to enjoy the very best of Picton living.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$551,200
Land Transfer Taxes$10,255
Legal Fees (Est.)
$
Total cash required for closing$149,555

Total Monthly Obligation

$3,870/mo
Mortgage $2,779
Monthly Loss $3,139
Principal$731
Interest$2,048
Property Tax$317
Condo Fees$574
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.0%0
5-Year IRR
3.2%7
10-Year IRR
5.5%
Returns Index
4.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,200/yr
NOI
$9,592/yr
Net Cash Flow
-$1,980/mo
Cash Margin
-94.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1 Mortimer Street 15

Time

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