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! The original structure was a large Queen Anne revival, free-standing house built of brick with sandstone detailing and wood embellishments including a porch and slate roof. Located right next to picturesque Victoria Park in Kincardine with views of Lake Huron's famous Sunsets! Originally built in 1895, this 3 story stately Victorian building has 27 self contained bachelor apartments with full bath and kitchenette (plus a 1bedroom unit). Interior also offers a cozy common room with fireplace, kitchen/dining room, fire alarm, 600 amp service, 5 year old natural gas boiler, 2 exercise rooms, staff laundry and coin operated laundry. Many use options are available eg; retirement home, short term rentals, Air B&B, etc. Perfectly located down town Kincardine!
MLS# | X10847665 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Sold Conditional |
Days On Site | 271 |
Listing Provided By | LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE) | Not Provided |
Bed(s) | 27 |
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SQ Feet | 14,000 |
State | ON |
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County | Bruce |
City | Kincardine |
Zip Code | N2Z 1Z5 |
Listing VS Median (in N2Z 1Z5) | |
Price: $2,000,000 low | high Med: $2,000,000 SqFt: 14,000 low | high Med: 14,000 $ / SqFt: $143 low | high Med: $143 On Site: 271 low | high Med: 271.000000 |