67 KING STREET, Kincardine

About this property

INVESTORS - LOOK BEYOND THE PRICE AND CONSIDER THE COST TO RECREATE THIS OPPORTUNITY. Offered at approximately $231,650 per unit, 67 King Street is a purpose-built, solid brick SIX-PLEX offering six established residential units in the heart of the Bruce Power corridor - an increasingly difficult asset class to find in Bruce County. For investors focused on long-term fundamentals, this property delivers: SIX income-producing units under one roof, existing tenancy, municipal services, ample on-site parking and a location supported by one of the region's largest employment centres. Located just minutes from Bruce Power and its surrounding network of contractors and supporting industries, Tiverton benefits from a substantial employment base and continued demand for rental housing. Six individual units also provide income diversification that a single-family investment simply cannot. The building has been consistently maintained, with improvements including flooring, bathroom renovations, stairwell upgrades and ongoing capital maintenance. Its solid brick construction and established multi-residential use provide a foundation that would be increasingly costly and challenging to reproduce today. Set on a mature lot within walking distance of everyday conveniences and minutes from Lake Huron, the location offers tenants small-town living with excellent proximity to employment and recreation. Before comparing purchase prices, compare what you're actually buying: six established rental units at approximately $231,650 per door - without the time, cost and complexity of acquiring land, securing approvals, servicing and constructing a new six-unit building. Financial information, income and expenses are available to qualified buyers. Review the numbers and discover the long-term value behind 67 King Street. (id:66939)