ON > Kincardine
Kincardine, ON N2Z 2X9,255 DURHAM ST
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Nitu Bedi

Nitu Bedi

+1(416) 992-9324
$ 5,000,000
Est. payment | /mo

41 Beds

41 Baths

20,200 SqFt

Save
$ 5,000,000
Est. payment | /mo
Save

41 Beds

41 Baths

20,200 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 20,200 sqft

Price per Sqft $247

MLS Listing ID X10846641

Bedrooms 41

Annual Tax Amount $20,873

Tax Year 2024

Lot Size 0.500 Acres

Property 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. 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!

Location

Province ON

County Bruce

Zoning R3-C

Rooms

Basement Unfinished, Full

Kitchen 0

Interior

Interior Features Separate Heating Controls

Cooling Other

Inclusions All inclusions, Carbon Monoxide Detector, Hot Water Tank Owned

Laundry Common Area, Shared

Exterior

Exterior Feature Year Round Living

Garage Other

Garage Spaces 25.0

Pool None

Utilities Available Unknown

Roof Type Membrane,Metal

Total Parking Spaces 25

Building

Foundation Stone, Poured Concrete

New Construction false

Others

Senior Community No

Security Features Unknown

Listed by LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE)
Nitu Bedi

RECO RECO

+1(416) 992-9324 | nitubedi@bedirealtygroup.com

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255 DURHAM ST