255 DURHAM Street Active

Kincardine,ON N2Z2X9

$ 5000000

41 Beds

41 Baths

20200 SqFt


Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 20,200 sqft

Price per Sqft $247

Subdivision Kincardine

MLS Listing ID 40570778

Bedrooms 41

Originating Board OnePoint - Grey Bruce Owen Sound

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! (id:24570)

Location

Province ON

Interior

Heating Baseboard heaters,Heat Pump,

Cooling Ductless

Exterior

Garage No

Community Features High Traffic Area,School Bus

Waterfront No

View Y/N No

Total Parking Spaces 25

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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