A unique investment opportunity in the heart of Kincardine! Known as Malcolm Place since 1929, this impressive Italianate mansion was built in 1875 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. 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 uses and great income in a convenient location!
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
20200 sq. ft. Square Feet
Total Area:
20,200 sq. ft.1,877 m2
Lot Depth:
200'61 m
Lot Frontage:
140'42.7 m
Lot Details:
200 x 140
Bedrooms:
41
Water supply:
Municipal
Kitchens:
0
Zoning:
R3-C
Heating type:
Radiant
Heating Fuel:
Propane
Cooling:
No
New Construction:
No
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$36,057.34 /
2026
Assessment:
$- /
-
Bruce
Kincardine
Kincardine
All inclusions, Carbon Monoxide Detector, Hot Water Tank Owned.
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