325 Picton Main Street E
325 Picton Main Street E
$575,000
$955/sq ft · 223 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $2,505 |
| Property Tax (MLS) | $104 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $2,609 |
Down payment: $115,000 (20.0%) · Mortgage: $460,000
Property tax uses MLS annual tax of $1,250/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by Century 21 Lanthorn Real Estate Ltd.
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Data last updated: August 23, 2026 at 04:26 p.m.