67 King Street, Kincardine, Ontario N0G 2T0

Listed for:
$1,389,900
11 beds
6 baths
Listed 8 days ago
Other for rent: 67 King Street, Kincardine, Ontario N0G 2T0

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About

Cross Streets: Church St. ** Directions: From Hwy 21 Tiverton turn north on King St and proceed to the sign at 67 King St. INVESTORS, THIS IS THE ONE YOU'VE BEEN WAITING FOR. Everyone talks about investing where people want to live. We prefer investing where people need to live. 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:27476)

Property Highlights

MLS® Number
X13428264
Type
Multi-family
Community Name
Kincardine
Land Size
120.3 x 148.5 FT|under 1/2 acre
Parking Space Total
7

Building

Building Type
Other
Square Footage
3000 - 3500 sqft
Bathrooms Total
6
Bedrooms Above Ground
8
Bedrooms Total
11
Amenities
Separate Electricity Meters Beach, Park
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full
Basement Features
Walk-up
Building Heating Type
Baseboard heaters, Heat Pump, Radiant heat
Heating Fuel
Electric
Building Cooling Type
Wall unit, Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
Royal LePage RCR Realty
MLS® number:
X13428264
Agent:
Krista Norrish
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