731 Princes Street N Kincardine, Ontario N2Z 1Z5

27 Bedroom 27 Bathroom 14000 sqft
None Baseboard Heaters

$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:47351)

Property Details

MLS® Number 40570881
Property Type Multi-family
AmenitiesNearBy Park, Place Of Worship, Playground, Shopping
CommunityFeatures High Traffic Area, School Bus
EquipmentType Water Heater
Features Laundry- Coin Operated
ParkingSpaceTotal 10
RentalEquipmentType Water Heater

Building

BathroomTotal 27
BedroomsTotal 27
BasementDevelopment Partially Finished
BasementType Full (partially Finished)
CoolingType None
ExteriorFinish Brick
FoundationType Poured Concrete
HeatingFuel Electric, Natural Gas
HeatingType Baseboard Heaters
StoriesTotal 3
SizeInterior 14000 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Park, Place Of Worship, Playground, Shopping
Sewer Municipal Sewage System
SizeDepth 184 Ft
SizeFrontage 66 Ft
SizeTotalText 1/2 - 1.99 Acres
ZoningDescription R4-i

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