1/38731 PRINCES Street N, Kincardine
731 PRINCES Street N, Kincardine, ON N2Z2A3
$2.2M total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
95%
Lot Size
0.305 ac
About this property
Attention investors! Don't miss out on the opportunity to own this high income generating multi-residential building in Kincardine, an area that has strong economic growth for years to come! Just a short drive to Bruce Power, located right next to picturesque Victoria Park in Kincardine with views of Lake Huron's famous Sunsets! Originally built in 1895, this 3 story stately Victorian building has 27 self contained bachelor apartments with full bath and kitchenette. Interior also offers a cozy common room with fireplace, kitchen/dining room, fire alarm, 600 amp service, 7 year old natural gas boiler, 2 exercise rooms, staff laundry and coin operated laundry. Many use options are available eg; retirement home, short term rentals, Air B&B, etc. Perfectly located down town Kincardine! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$10K
Projected NOI
$77K
Annual cash flow
$-45K
Cash-on-cash
-6.86%
DSCR
0.63
Going-in cap
3.48%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
126,916
Households
56,554
Median income
$92,500
Median age
45.4
Daytime population
194,137
5-yr growth
3.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 731 PRINCES Street N, Kincardine.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.