$599,000
Kincardine
681 Princes Street North, Kincardine, Ontario, N2Z2Z7
This multi-family property in Kincardine is for sale offering roughly 2,750 sq ft of space. It has been on the market 50 days, fresher than the Kincardine average of 132 days.
Prime Investment in the heart of Kincardine! Welcome to an exceptional opportunity to own a versatile triplex in one of Kincardine's most desirable locations. Situated on a quiet dead-end street and just steps from Victoria Park, this property places you at the centre of it all. Enjoy easy access to festivals, live music, walking trails, the popular Monday markets, downtown shops and restaurants, and beautiful Station Beach, all within walking distance. With its outstanding location and strong appeal to visitors, this property offers excellent potential for short-term rental income. The spacious upper-level unit features 2 bedrooms, a full kitchen, convenient laundry facilities, and a large 4-piece bathroom. Two additional self-contained 1-bedroom apartments provide added flexibility, each with its own hot water tank and hydro meter. Ample parking further enhances the property's appeal. Whether you're looking to live in one unit while renting the others, operate all three as income-generating units, or invest for the long term, this property offers plenty of possibilities. Located on one of Kincardine's most sought-after streets, this is an investment with both lifestyle appeal and income potential. With continued growth and the potential expansion of Bruce Power, the long-term opportunity is especially compelling. Opportunities like this don't come along often - make this one yours! Showings require 24 hours' notice. Contact your REALTOR today to book your private viewing. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 50 days on market, against an average age of 132 days across the listings currently for sale in this city
This 4-bed multi-family in Kincardine has been listed for 50 days, which is 82 days fresher than the city average of 132. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 5.8× the local median household income of $103,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2Z)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.