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:51004)
| MLS® Number | X10846641 |
| Property Type | Business |
| Community Name | Kincardine |
| Parking Space Total | 25 |
| Bedrooms Total | 41 |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater |
| Cooling Type | Partially Air Conditioned |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Foundation Type | Stone, Poured Concrete |
| Heating Fuel | Propane |
| Heating Type | Baseboard Heaters |
| Size Interior | 20200 Sqft |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 200 Ft |
| Size Frontage | 140 Ft |
| Size Irregular | 140 X 200 Ft |
| Size Total Text | 140 X 200 Ft |
| Zoning Description | R3-c |
https://www.realtor.ca/real-estate/26918525/255-durham-street-kincardine-kincardine
(519) 395-3959
(519) 395-3963
www.lakerangerealty.ca/
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