42 Talbot St
Picton, Prince Edward County, K0K 2T0
FOR SALE
$310,000
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3
BEDROOMS2
BATHROOMS1
KITCHENS7
ROOMSX10431228
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Property Description
An extra wide lot located on Talbot Street, this two-storey home is a diamond in the rough - offering endless potential for those with a vision. Situated just a short walk from Picton's vibrant Main Street, this property is ideally placed for easy access to shopping, dining, and local amenities. The home is being sold as-is and requires renovation, making it the ultimate project for savvy investors or those looking to customize their dream space in a prime location. This property is connected to municipal water with a private septic system. Don't miss the chance to delve into this opportunity! **SEVERANCE & DEVELOPMENT POTENTIAL**
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-27 | 2024-07-10 | 13 | $299,999 | $280,000 | Sold |
Property Features
Level, School Bus Route
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Property Details
Street
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
101' x 172'
Acreage
< .50
Fronting
West
Taxes
$1,639 (2023)
Basement
Part Bsmt, Unfinished
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Prince Edward County Market Statistics
Prince Edward County Price Trend
42 Talbot St is a 3-bedroom 2-bathroom home listed for sale at $310,000, which is $445,428 (59.0%) lower than the average sold price of $755,428 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 3 bedroom home in Prince Edward County increased by $29,870 (4.1%) compared to the previous 30 day period (September 24 - October 23) and down $37,823 (4.8%) from the same time one year ago.Inventory Change
There were 23 3-bedroom homes listed in Prince Edward County over the last 30 days (October 24 - November 22), which is down 20.7% compared with the previous 30 day period (September 24 - October 23) and down 11.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Prince Edward County typically sold ($47,375) (6.3%) below asking price over the last 30 days (October 24 - November 22), which represents a $21,970 decrease compared to the previous 30 day period (September 24 - October 23) and ($52,508) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Prince Edward County over the last 30 days (October 24 - November 22) stood at 126.1%, up from 58.6% over the previous 30 days (September 24 - October 23) and up from 42.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Prince Edward County stood at 91 days when successfully sold over the last 30 days (October 24 - November 22), compared to 121 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Quinte Ltd.
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Attention investors and renovators! This property boasts a prime location near Lake Ontario, a brief drive from Sand Banks Provincial Park, and is surrounded by wineries. Considering its current state, there exists a significant opportunity for value appreciation. Main level with potential living room, 4 bedrooms, kitchen and one bath layout. 7 ft ceiling height basement with separate entrance. With the correct vision and investment, this property holds the potential to be converted into a highly desirable space.
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