67 King Street,Kincardine, ON N0G2T0
Kincardine, ON N0G2T0
Description
INVESTORS, THIS IS THE ONE YOU'VE BEEN WAITING FOR! A rare opportunity to acquire a purpose-built six plex in one of Bruce County's strongest rental markets. Located just minutes from Bruce Power, one of Ontario's largest employers and a major economic driver for the region, this income-producing property is positioned to benefit from continued demand for quality rental housing. With thousands of employees, contractors, and support industries working throughout the area, the need for rental accommodation remains strong and consistent. This solid brick multi-residential building features six residential units, stable tenancy, municipal services, ample on-site parking, and numerous updates completed over the years. Improvements include flooring, bathroom renovations, stairwell upgrades, and ongoing capital maintenance, providing investors with a well-maintained asset and future upside potential.Situated on a mature lot, tenants enjoy conveniences walking distance away. Plus the beautiful Lake Huron shoreline, while remaining close to one of the region's largest employment hubs. Whether you're looking to expand an existing portfolio or secure your first multi-family investment, this property offers the fundamentals investors seek: strong rental demand, solid construction, reliable income, and long-term growth potential. The real magic is in the numbers. With an attractive cap rate and strong income performance, this is the type of opportunity serious investors are always searching for. Opportunities like this are becoming increasingly rare in the Bruce Power corridor. Financial information is available to qualified buyers. Reach out to your Realtor today to review the numbers and discover why 67 King Street may be the next smart addition to your investment portfolio. (id:374)
Details
| MLS # | X13764302 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | Royal LePage RCR Realty | KRISTA NORRISH |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,000 |
| Garage | 7 |
| Basement | Y |
| Zoning | R7 |
Interior
| Cooling | Window air conditioner, Wall unit |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Radiant heat, Electric |
| Appliances | Refrigerator, Water meter, Stove, Microwave, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Wooded area, Flat site, Guest Suite |
| Foundation Details | Block |
Parking
| Parking Features | Detached Garage, Garage, Tandem |
|---|---|
| Parking Total | 7 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5227 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kincardine |
| Postal Code | N0G2T0 |
| Listing VS Median (in N0G2T0) | |
Price: $1,389,900 low | high Med: $569,900 sqft: 3,000 low | high Med: 1,100 $ / sqft: $463 low | high Med: $518 On site: 53 low | high Med: 182 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Kincardine |
| Postal Code | N0G2T0 |
| Listing VS Median (in N0G2T0) | |
Price: $1,389,900 low | high Med: $569,900 sqft: 3,000 low | high Med: 1,100 $ / sqft: $463 low | high Med: $518 On site: 53 low | high Med: 182 | |