255 Durham Street Kincardine, ON N2Z 2X9
Listing Courtesy of: ITSO / Lake Range Realty Ltd. Brokerage (kincardine)

  255 Durham Street Kincardine, ON N2Z 2X9

Active (34 Days)
$5,000,000
41
BED
41
BATH
20,200
SQFT

Description

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. Zoning change in progress, there are potentially 10 commercial spaces available to rent and 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!

MLS®:
40570778
Taxes
$20,874(2024)
Type
Multifamily
County
Bruce County

Listed By

Nicole Grant, Lake Range Realty Ltd. Brokerage (kincardine)
Source
ITSO
Last checked Jun 24 2024 at 10:50 PM EDT
Bathroom Details
Interior Features
  • Hot Water Tank Owned
  • Laundry: Shared
  • Laundry: Common Area
  • Separate Heating Controls
  • Elevator
  • Built-In Appliances
Lot Information
  • Shopping Nearby
  • School Bus Route
  • Playground Nearby
  • Library
  • High Traffic Area
  • City Lot
Property Features
  • Foundation: Stone
  • Foundation: Poured Concrete
Heating and Cooling
  • Radiator
  • Propane
  • Heat Pump
  • Fireplace(s)
  • Baseboard
  • Ductless
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Roof: Metal
  • Roof: Membrane
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 25
Stories
  • 3
Living Area
  • 20,200 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 1.5%+hst. The Co-operating Brokerages commission will be cut to .5% if the property is introduced to the buyer or the buyer's family by the listing Brokerage.
Location
   
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Disclaimer: Copyright 2024 ITSO. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/24/24 15:50