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255 DURHAM Street, Kincardine — listed at $4,800,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
What makes this a luxury property?+
At $4,800,000, standout features include 20200 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Who is 255 DURHAM Street best suited for?+
With 0 bedrooms and 0 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
How is the space laid out across floors?+
This is a 3-storey multi-family. The 0 bedrooms and 0 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Partially finished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 25 spaces — Open.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $36,057.34, heating is radiant heat, propane. Always verify the latest figures with your agent before making an offer — these change yearly.
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