433 Broadway Street Kincardine, Ontario N2Z 2G5

$695,900

Whether a savvy investment, first time buyer, or to add to your portfolio? 433 Broadway Street delivers a rare opportunity to own a flexible, income-generating duplex in the heart of Kincardine, just steps from downtown amenities, parks, and the breathtaking Lake Huron waterfront. This solid two-storey triple-brick property offers nearly 2,000 sq. ft. of finished living space with two fully self-contained residential units. The main level features a bright 2-bedroom suite with spacious living areas and full kitchen, while the furnished upper level offers a 3-bedroom suite with radiant heating, strong rental appeal, and a newly installed washer and dryer complete with a 5-year extended warranty. Whether you are an investor seeking dependable income or a homeowner looking to offset ownership costs, have a business? Operate out of the lower unit of this property. Overall this property offers exceptional versatility in a high-demand location, complete with six total parking spaces (four on South side, two on North side).Extensively updated with major infrastructure improvements, the property features all new Clera windows installed in 2021, a mid-efficiency natural gas boiler servicing both units installed in 2021, upgraded electrical, enhanced insulation including R60 attic insulation, spray foam insulation improvements, and updated plumbing and underground hydro services. Generating approximately $35,500 in average annual net operating income, the property reflects an estimated 5.1% cap rate at the current offering price, presenting a strong opportunity for investors seeking both stability and long-term appreciation. Separate hydro and water meters and commercial zoning further enhance flexibility for mixed-use or business potential, subject to approvals. A detailed five-year history of expenses, updates, and upgrades will be available for buyers to review, making this a standout investment and lifestyle opportunity in beautiful Kincardine. (id:42776)

Property Details

MLS® Number	X12806440
Property Type	Multi-family
Community Name	Kincardine
Features	Lighting, Paved Yard, Carpet Free, Guest Suite
Parking Space Total	6
Structure	Porch

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Age	100+ Years
Amenities	Fireplace(s)
Appliances	Water Heater, Furniture
Basement Type	Full
Construction Status	Insulation Upgraded
Cooling Type	None
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Concrete, Stone
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	165 Ft
Size Frontage	37 Ft
Size Irregular	37 X 165 Ft
Size Total Text	37 X 165 Ft
Zoning Description	Commercial

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bathroom	1.4 m	2.13 m	1.4 m x 2.13 m
Second Level	Bedroom 2	2.69 m	2.4 m	2.69 m x 2.4 m
Second Level	Bedroom 3	2.57 m	3.05 m	2.57 m x 3.05 m
Second Level	Foyer	2.74 m	2.13 m	2.74 m x 2.13 m
Second Level	Kitchen	3.35 m	2.19 m	3.35 m x 2.19 m
Second Level	Living Room	4.88 m	5.79 m	4.88 m x 5.79 m
Second Level	Dining Room	2.44 m	1.04 m	2.44 m x 1.04 m
Second Level	Bedroom	3.66 m	3.81 m	3.66 m x 3.81 m
Ground Level	Foyer	1.55 m	1.73 m	1.55 m x 1.73 m
Ground Level	Kitchen	5.46 m	2.92 m	5.46 m x 2.92 m
Ground Level	Living Room	7.32 m	5.84 m	7.32 m x 5.84 m
Ground Level	Bedroom	4.34 m	4.94 m	4.34 m x 4.94 m
Ground Level	Bedroom 2	3.84 m	3.71 m	3.84 m x 3.71 m
Ground Level	Bathroom	2.44 m	2.18 m	2.44 m x 2.18 m

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/29382672/433-broadway-street-kincardine-kincardine