Hallowell Ward / Prince Edward County, ON K0K 2T0
1673 County Road 12 presents a rare opportunity to acquire a former long-term care facility in the growing community of Picton, Ontario. Situated on approximately 4.157 acres, the property features a single-storey institutional building of approximately 12,137 square feet, formerly licensed for 33 beds, complemented by surface parking and a highly accessible site configuration. Upon sale, the property presents a unique opportunity for repositioning to a range of alternative uses, create strong appeal for investors, developers, and owner-users alike. The property benefits from flexible Institutional (I) zoning permissions, which accommodate a wide range of uses including hospitals, medical clinics, nursing homes, community centres, daycare centres, places of worship, schools, libraries and other assembly-based or service-oriented uses. The existing building infrastructure and floorplate also support potential conversion to retirement living, supportive housing, or other residential redevelopment pathways, subject to municipal approvals. Strategically located near the new Prince Edward County Memorial Hospital and the amenity-rich Sandbanks Provincial Park area, the property benefits from strong regional connectivity and access to key community infrastructure. Supported by favourable demographic trends, including an aging population base. The property represents a compelling opportunity for investors and developers seeking a value-add institutional asset with significant long-term upside.
TRREB MLS® Attribution
MLS® X13457418
Listed by COLLIERS
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Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$4,883
/month · $800,000 mortgage
Amortization
Total Interest
$664,940
Total Cost
$1,464,940
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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COLLIERS