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$5,000,000
Available - For Sale
Listing ID: X10846641
Attention investors! Don't miss out on the opportunity to own this high income generating multi-residential building in Kincardine, an area that has strong economic growth for years to come! Just a short drive to Bruce Power, currently at full capacity with a waiting list! This large elegant Italianate mansion was built in 1875 on over 1/2 an acre lot, located just up the road from Lake Huron! It has been known as Malcolm Place since 1929. The irregular massing of two rectangles around an offset tower forms the entrance and is a mark of romantic Italian style. The beautiful window details and elaborate chimneys are impressive. The widows peak has three round-topped windows with gorgeous Lake views. The interior is much to be desired, most of the original plaster work and wood work is present on the first floor and the grand staircase. Note the beautiful ceiling medallion, deep door cases and details such as decorative door hinges. This lovely mansion and the residential units are still adorned with Andrew Malcolm furniture. There are 41 residential rooms each with their own 4 piece bathrooms, ductless heat/AC units and kitchenette. More features include; Two kitchens, copper roof, upgraded insulation, a high end fire alarm and sprinkler system, 1200 amp service, shared laundry room, public washrooms, office space, elevator access, ramp entry access, key pad access to all rooms, comfortable common areas and a spacious lobby! Just a block away from downtown Kincardine and all its amenities!
Price $5,000,000
Taxes: $20,873.66
Assessment: $1443000
Assessment Year: 2024
Occupancy by: Tenant
Address: 255 DURHAM St , Kincardine, N2Z 2X9, Ontario
Postal Code: N2Z 2X9
Province/State: Ontario
Legal Description: PT LT 4 N/S DURHAM ST, 5 N/S DURHAM ST P
Lot Size: 140 x 200 (Feet)
Directions/Cross Streets: Queen Street, West onto Durham to #255.
Zoning: R3-C
Building Percentage: Y
Total Area: 20,200
Total Area Code:  Sq Ft
Heat Type: Baseboard
Central Air Conditioning: Part
Sewers: Sanitary
Water: Municipal
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LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE)

255 DURHAM St , Kincardine, N2Z 2X9, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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Type: Com - Investment
Area: Bruce
Municipality: Kincardine
Neighbourhood: Kincardine
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Lot Size: 140.00 x 200.00(Feet)
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Tax: $20,873.66
Maintenance Fee: $0
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Personal Pic Maria Tompson Sales Representative pic sales@bestforagents.com Your Company Name, Brokerage Independently owned and operated. pic 4711 Yonge Street, 10th Floor , Toronto, Ontario M2N 6K8 pic Office: 416-548-7854 | Toll Free: 1-866-382-2968 | Fax: 416-981-7184 | Cell: 416-548-7854
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