8 Albert Street, Prince Edward County

$592,500
8 Albert Street

$592,500

New
17d
DetachedBungalow

8 Albert Street, Prince Edward County

Total Monthly Obligation $3,002

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
17d
Score
20
Yield
5.1%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-X13868878
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-57 × 202.01 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,844 (2026)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-Exit Realty Group
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Block, Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Picton Ward
Title-Residential Freehold

No agent assigned

UP TO $20,000 TOWARD YOUR CLOSING COSTS! Seller is offering a financial concession of up to $20,000 toward the purchaser's eligible closing costs, including legal fees, disbursements and/or adjustments on closing, provided the property sells at the full asking price. EXCEPTIONAL OPPORTUNITY IN THE HEART OF PICTON! Discover this beautifully renovated, move-in-ready 3-bedroom, 2-bathroom home, offering modern comfort, stylish upgrades, and an exceptionally deep in-town lot! Thoughtfully updated throughout, this charming home features a new furnace, central air conditioning, vinyl siding, brand-new appliances, and a stunning redesigned kitchen with a spacious centre island, perfect for entertaining! The spacious primary bedroom boasts his-and-her closets and a private 2-piece ensuite. Relax on the oversized covered front porch or charming side porch, and enjoy the expansive backyard with a convenient natural gas BBQ hookup. A detached garage provides additional parking, storage, or workshop space. Ideally situated just minutes from schools, shopping, restaurants, and parks, with easy access to Sandbanks Provincial Park, beautiful beaches, and Prince Edward County's renowned wineries! Perfect for first-time buyers, growing families, or downsizers seeking a beautifully updated home without the hassle of major renovations. AN INCREDIBLE OPPORTUNITY TO ENJOY THE BEST OF PICTON LIVING! MOVE IN, UNPACK, AND ENJOY!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$474,000
Land Transfer Taxes$8,325
Legal Fees (Est.)
$
Total cash required for closing$128,325

Total Monthly Obligation

$3,002/mo
Mortgage $2,390
Monthly Loss $2,373
Principal$629
Interest$1,761
Property Tax$237
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.0%36
10-Year IRR
10.6%
Returns Index
19.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,000/yr
NOI
$19,656/yr
Net Cash Flow
-$752/mo
Cash Margin
-30.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.699
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.2/ 100

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

Comparables

Properties near 8 Albert Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.