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

  255 Durham Street Kincardine, ON N2Z 2X9

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

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! (id:41440)

MLS®:
40570778
Type
Multifamily
County
Bruce County

Listed By

Nicole Grant, Lake Range Realty Ltd. Brokerage (kincardine)
Source
CREA
Last checked Jun 24 2024 at 11:07 PM EDT
Bathroom Details
  • Full Bathrooms: 41
Subdivision
  • Kincardine
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Propane
  • Baseboard Heaters
  • Heat Pump
  • Ductless
Basement Information
  • Full
  • Unfinished
Exterior Features
  • Brick
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 25
Stories
  • 3
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 6/24/24 16:07