731 Princes Street N Kincardine, Ontario N2Z 1Z5

$2,000,000

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! The original structure was a large Queen Anne revival, free-standing house built of brick with sandstone detailing and wood embellishments including a porch and slate roof. 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 (plus a 1bedroom unit). Interior also offers a cozy common room with fireplace, kitchen/dining room, fire alarm, 600 amp service, 5 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:42776)

Property Details

MLS® Number	X10847665
Property Type	Business
Community Name	Kincardine
Equipment Type	Water Heater
Features	Laundry- Coin Operated
Parking Space Total	10
Rental Equipment Type	Water Heater

Building

Bedrooms Total	27
Amenities	Separate Heating Controls
Exterior Finish	Brick
Fireplace Present	Yes
Foundation Type	Stone, Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Interior	14,000 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	184 Ft
Size Frontage	66 Ft
Size Irregular	Unit=66 X 184 Ft
Size Total Text	Unit=66 X 184 Ft
Zoning Description	R4-i

https://www.realtor.ca/real-estate/26918524/731-princes-street-n-kincardine