255 DURHAM Street
Kincardine, Ontario
MLS® 40866099
$4,800,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40866099
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- —
1 / 51Listing description
A unique investment opportunity in the heart of Kincardine! Known as Malcolm Place since 1929, this impressive Italianate mansion was built in 1875 (large addition built in 1988 as boarding house) and sits on over half an acre, just one block from downtown, steps to Lake Huron and a short drive from Bruce Power. The building offers 41 residential rooms, each with a private bathroom.
Many units with ductless heating and air conditioning. Shared amenities include two kitchens, laundry facilities, comfortable common areas, a spacious lobby and public washrooms. Elevator access and keypad room access add convenience.
Currently vacant space on the main floor and basement. Historic charm shines through the original woodwork, ornate plaster details and grand staircase. Additional features include a copper roof, upgraded insulation, fire alarm with sprinkler system and 1,200-amp electrical service.
A distinctive property combining character, extensive amenities, multiple potential uses and great income in a convenient location!
Property summary
- MLS® number
- 40866099
- Property type
- Multi-family
- Size
- 20,200 sq ft
- Title
- Freehold
- Land size
- 0.651 acres
- Annual property taxes
- $36,057.34
- Parking
- 25 spaces · Open
- Days on market
- 4 days
Features & details
- Heating
- Radiant heat, Propane
- Cooling
- Wall unit, Ductless
- Basement
- Partially finished, Partial
- Exterior features
- Brick
- Lot features
- Skylight, Laundry- Coin operated
What would this home cost you?
Based on the $4,800,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Wolle Realty, Waterloo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.