$4,800,000

Investment For Sale In Kincardine, Ontario

$4,800,000

Property Information:

A unique investment opportunity in the heart of Kincardine! Known as Malcolm Place since 1929, this impressive Italianate mansion was built in 1875 (large addition built in 1988 as boarding house) 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. Currently vacant space on the main floor and basement. 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 potential uses and great income in a convenient location! (id:27)

Building Features:

  • Style: Multiplex
  • Air Conditioning: Yes
  • Basement Development: Partially finished
  • Basement Type: Partial
  • Exterior Finish: Brick
  • Floor Space: 20200 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Radiant heat
  • Heating Fuel: Propane
  • Cooling Type: Wall unit

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Park
  • Features: Skylight, Laundry- Coin operated
  • Floor Space (approx): 20200 Square Feet
  • Irregular: Yes
  • Lot Depth: 194 Feet
  • Lot Frontage: 145 Feet
  • Lot Size: 0.65 Acres
  • Zoning: R3-C
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 25

Courtesy of: Royal LePage Wolle Realty

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