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$ 5,000,000
Est. payment /mo
Active
255 DURHAM ST Kincardine, ON N2Z 2X9
20,200 SqFt
UPDATED:
02/05/2025 01:15 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 20,200 sqft
Price per Sqft $247
Subdivision Kincardine
MLS Listing ID X10846641
Annual Tax Amount $20,873
Tax Year 2024
Property Sub-Type Investment
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
State ON
County Bruce
Community Kincardine
Area Bruce
Rooms
Kitchen 0
Interior
Interior Features Separate Heating Controls
Cooling Partial
Fireplace Yes
Heat Source Propane
Exterior
Exterior Feature Year Round Living
Utilities Available Unknown
Roof Type Membrane,Metal
Lot Frontage 140.0
Lot Depth 200.0
Total Parking Spaces 25
Building
Foundation Stone, Poured Concrete
New Construction false
Others
Security Features Unknown
Virtual Tour https://show.tours/255durhamst
Listed by LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE)