731 PRINCES Street North, Kincardine - Business for Sale
731 PRINCES Street North, Kincardine, Ontario, N2Z1Z5
This business in Kincardine is for sale offering roughly 14,000 sq ft of space. It has been on the market 42 days, fresher than the Kincardine average of 131 days.
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, 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. Interior also offers a cozy common room with fireplace, kitchen/dining room, fire alarm, 600 amp service, 7 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! (id:66096)
Property Details
- MLS®
- X13821632
- Property Type
- Business
- Zoning
- R4-i
- Bedrooms
- 27
- Interior Size
- 14,000 ft²
- Frontage
- 66 ft
- Building Area
- 14,000 ft²
- Heating
- Hot water radiator heat, Natural gas, Radiator
- Cooling
- None
- Property Tax
- $17,898.29/yr
- Listed
- 42 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 42 days on market, against an average age of 131 days across the listings currently for sale in this city
This 27-bed business in Kincardine has been listed for 42 days, which is 89 days fresher than the city average of 131. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2Z)
This home lists at $2,200,000, about 21.4× the local median household income of $103,000.
Carrying it typically needs a household income of about $429,737 (20% down, 25-yr amortization, stress-tested) — roughly 317% 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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$2,200,000
Kincardine