(519) 375 - 5120 shannon@shannondeckers.com


LOADING

255 Durham Street Kincardine, Ontario N2Z 2X9

41 Bedroom 41 Bathroom 20200 sqft
Ductless Baseboard Heaters, Heat Pump

$5,000,000

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:22681)

Property Details

MLS® Number 40570778
Property Type Multi-family
Amenities Near By Playground, Shopping
Community Features High Traffic Area, School Bus
Parking Space Total 25

Building

Bathroom Total 41
Bedrooms Total 41
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Ductless
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Propane
Heating Type Baseboard Heaters, Heat Pump
Stories Total 3
Size Interior 20200 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Playground, Shopping
Sewer Municipal Sewage System
Size Depth 200 Ft
Size Frontage 140 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R3-c

https://www.realtor.ca/real-estate/26918525/255-durham-street-kincardine