255 DURHAM Street, Kincardine - Business for Sale
255 DURHAM Street, Kincardine, Ontario, N2Z2X9
This business in Kincardine is for sale. It has been on the market 43 days, fresher than the Kincardine average of 132 days.
Description
A unique investment opportunity in the heart of Kincardine! Known as Malcolm Place since 1929, this impressive Italianate mansion was built in 1875 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. 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 uses and great income in a convenient location! (id:66096)
Property Details
- MLS®
- X13821758
- Property Type
- Business
- Zoning
- R3-C
- Bedrooms
- 41
- Frontage
- 140 ft
- Building Area
- 20,200 ft²
- Heating
- Radiant heat, Other
- Cooling
- Partially air conditioned
- Property Tax
- $36,057.34/yr
- Listed
- 43 days ago
Features
- Appliances
- Water Heater
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 43 days on market, against an average age of 132 days across the listings currently for sale in this city
This 41-bed business in Kincardine has been listed for 43 days, which is 89 days fresher than the city average of 132. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2Z)
This home lists at $4,800,000, about 46.6× the local median household income of $103,000.
Carrying it typically needs a household income of about $937,608 (20% down, 25-yr amortization, stress-tested) — roughly 810% above the area median.
- Median household income
- $103,000
- Population
- 12,341
- Median age
- 46.8
- Owner / renter
- 81% / 20%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N2Z)
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$4,800,000
Kincardine