Property Details

255 DURHAM Street, Kincardine, Ontario, N2Z2X9

255 DURHAM Street, Kincardine, Ontario, N2Z2X9 (ID 40570778)
Pat Kritz

Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800

$5,000,000 - For sale


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. Zoning change in progress, there are potentially 10 commercial spaces available to rent and 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:2471)

Location DescriptionQueen Street, West onto Durham to #255.

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Property Details
  • Property Address:255 DURHAM Street, Kincardine, Ontario, N2Z2X9
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:1/2 - 1.99 acres
  • Acreage:1/2 - 1.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Parking Space Total:25
Structure Details for 255 DURHAM Street, Kincardine, Ontario, N2Z2X9
  • Bedrooms:41
  • Bathrooms:41
  • Floor Space:20200 sqft
  • Heating Type:Propane, Baseboard heaters, Heat Pump
  • Storeys:3
  • Basement Type:Full (Unfinished)
  • Foundation Type:Poured Concrete
  • Cooling Type:Ductless
  • Exterior Type:Brick
Amenities for 255 DURHAM Street, Kincardine, Ontario, N2Z2X9 High Traffic Area, School Bus
  • Amenities Nearby:Playground, Shopping
Pat Kritz
Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800
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255 DURHAM Street, Kincardine, Ontario, N2Z2X9

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