255 Durham Street, Kincardine | Image 1

255 Durham Street

Kincardine, Kincardine

  • Commercial

$5,000,000
For Sale

Added 7 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R3-C

  • Age: No Data

  • Taxes: 20873.66

  • MLS®#: X10846641

  • Days on Site: 198 Days

  • Added: May 21, 2024 (7 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE)

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!

Property

  • Status: Sale

  • Property Type: Investment

  • Area: Kincardine

  • Community: Kincardine

  • Availability Date: Immediate

  • Assessment Amount: $1,443,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 41

  • Air Conditioning: Other

  • Washrooms: 41

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 25

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 4 N/S DURHAM ST, 5 N/S DURHAM ST PL KINCARDINE PT 2, 3R101

  • Taxes: $20,874

Land

  • Cross Street: Queen Street, West o

  • Municipality District: Kincardine

  • Parcel Number: 333110117

  • Sewer: Sewers

  • Lot Depth: 200 Feet

  • Lot Frontage: 140 Feet

  • Zoning: R3-C

Commercial Specific

  • Total Area: 20200

  • Total Area Metric: Sq Ft

Map of 255 Durham Street, Kincardine
JK-8

Lucknow Central Public School

Elementary: Public
26.70 km
JK-8

Elgin Market Public School

Elementary: Public
1.78 km
JK-8

Ripley-Huron Community - Junior Campus School

Elementary: Public
12.57 km
JK-3

Kincardine Township-Tiverton Public School

Elementary: Public
2.37 km
4-8

Huron Heights Public School

Elementary: Public
1.69 km
JK-8

St Anthony's Separate School

Elementary: Catholic
1.45 km
9-12

Walkerton District Community School

Secondary: Public
39.51 km
9-12

Kincardine District Secondary School

Secondary: Public
0.66 km
9-12

Goderich District Collegiate Institute

Secondary: Public
49.92 km
9-12

Saugeen District Secondary School

Secondary: Public
34.56 km
9-12

Sacred Heart High School

Secondary: Catholic
39.65 km
9-12

F E Madill Secondary School

Secondary: Public
42.23 km
869 Kincardine Avenue North, Kincardine | MLS: X8232254
For Sale
8 months ago
$4,000,000
  • 0 bath
  • 0 bed

869 Kincardine Avenue North, Kincardine, Ontario • N2Z 2X5 • Kincardine