731 PRINCES Street N
- 14,000 SF multifamily asset with strong investment scale
- Historic 1895 construction with character and long-term appeal
- Substantial footprint offering repositioning potential
- Suitable for income-generating residential use
- Distinctive architecture with enduring market presence
- Potential for modernization and value-add improvements
- Well-suited to multifamily investor strategies
- Large building size supports diverse unit configurations
- Rare offering with strong long-term ownership appeal
Property Description
The Victoria Park Lodge in Kincardine has 27 bachelor suites with their own private washroom and kitchenette. The building features a shared kitchen and living room space, providing a unique accomodation opportunity within walking distance to Lake Huron. The current owner operates under the Inn Keepers Act, with shorter term stay occupancy, and furnished suites. The property caters to Bruce Nuclear Power contractractors and offers a great cashflowing opportuntiy for a hands on investor/operator. The original building was constructed in 1895, while the rear purpose built portion was constructed in the 1970's.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,200,000 |
| No. of Units: | 27 |
| Year Built: | 1895 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Price per unit: | $81,481 |
| Property Website | Click Here |
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