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67 King Street Kincardine, Ontario N0G 2T0

11 Bedroom 6 Bathroom 3000 - 3500 sqft
Wall Unit, Window Air Conditioner Baseboard Heaters, Heat Pump, Radiant Heat

$1,389,900

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:13139)

Property Details

MLS® Number X13428264
Property Type Multi-family
Community Name Kincardine
AmenitiesNearBy Beach, Park
EquipmentType None
Features Wooded Area, Flat Site, Guest Suite
ParkingSpaceTotal 7
RentalEquipmentType None
Structure Porch

Building

BathroomTotal 6
BedroomsAboveGround 8
BedroomsBelowGround 3
BedroomsTotal 11
Age 51 To 99 Years
Amenities Separate Electricity Meters
Appliances Water Heater, Water Meter, Microwave, Stove, Refrigerator
BasementFeatures Walk-up
BasementType Full
CoolingType Wall Unit, Window Air Conditioner
ExteriorFinish Brick
FireProtection Smoke Detectors
FoundationType Block
HeatingFuel Electric
HeatingType Baseboard Heaters, Heat Pump, Radiant Heat
SizeInterior 3000 - 3500 Sqft
Type Other
UtilityWater Municipal Water

Parking

Detached Garage
Garage
Tandem

Land

Acreage No
LandAmenities Beach, Park
Sewer Sanitary Sewer
SizeDepth 148 Ft ,6 In
SizeFrontage 120 Ft ,3 In
SizeIrregular 120.3 X 148.5 Ft
SizeTotalText 120.3 X 148.5 Ft|under 1/2 Acre
ZoningDescription R7

Utilities

Cable Installed
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/29885045/67-king-street-kincardine-kincardine

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