For Sale

255 DURHAM Street, Kincardine, Ontario N2Z2X9

$5,000,000

255 DURHAM Street, Kincardine, Ontario N2Z2X9 is For Sale and has a listing price of 5,000,000. The property is located in the Kincardine neighbourhood. It's been on the website for 174 Days.

  • Multi-family
    Property Type
  • 41
    Bedrooms
  • 41
    Bathrooms
  • 25
    Parking Spaces
  • MLS ID: 40570778
  • Office Name LAKE RANGE REALTY LTD. BROKERAGE (KINCARDINE)
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:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 41
  • MLS ID: 40570778
  • Bathrooms: 41
  • Price: $5,000,000
  • Transaction Types: For Sale
  • Ref ID: 26918525
  • Year Built: N/A
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
05/21/2024 40570778 $5,000,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kincardine
  • $900,380 Average List Price
    based on 1 year
  • 36 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 128.47 % Up
  • Sold (12mo) 7
  • Rented (12mo) 2

  • 1 Month Change -24.8%
  • 3 Month Change -30.7%
  • 6 Month Change -19.2%
Walkscore
  • 73 Walk Score
    Very Walkable
  • 66 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    68.43%
  • Commercial
    24.8%
  • Condo
    3.04%
  • Land for Sale
    3.73%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Propane
  • Basement2 Full (unfinished)
  • Heating System Heat Pump, Baseboard Heaters
  • Water Municipal Water
  • Exterior Brick
  • Cooling System Ductless
  • Total Parking Spaces: 25
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 21/05/2024 00:00:00
  • Zoning R4ud
  • Agent Name: NICOLE GRANT
  • Address Subdivision: Kincardine
  • Last Updated: 18/10/2024 23:51:58
Open House Dates
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