255 DURHAM STREET, Kincardine, Ontario, CA

Address: 255 DURHAM STREET, Kincardine, Ontario

41 Beds0 Baths20200 sqftStatus: Buy
Price $5,000,000

Property Overview


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! (id:51532)

 

Tags




Property Summary
Property Type
Business
Square Footage
20200 sqft
Community Name
Kincardine
Land Size
Unit=140 x 200 FT
Parking Type
No Garage
Building
Bathrooms
Total
41
Interior Features
Appliances Included
Water Heater
Building Features
Foundation Type
Stone, Poured Concrete
Square Footage
20200 sqft
Building Amenities
Separate Heating Controls
Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
25
Land
Other Property Information
Zoning Description
R3-C
Features
           No Garage            Water Heater            Partially air conditioned
           Separate Heating Controls
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Your Home Finance Calculation

Property Price CA $5,000,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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