433 BROADWAY STREET

Kincardine, ON N2Z2G5

Whether a savvy investment, first time buyer, or to add to your portfolio? 433 Broadway Street delivers a rare opportunity to own a flexible, income-generating duplex in the heart of Kincardine, just steps from downtown amenities, parks, and the breathtaking Lake Huron waterfront. This solid two-storey triple-brick property offers nearly 2,000 sq. ft. of finished living space with two fully self-contained residential units. The main level features a bright 2-bedroom suite with spacious living areas and full kitchen, while the furnished upper level offers a 3-bedroom suite with radiant heating, strong rental appeal, and a newly installed washer and dryer complete with a 5-year extended warranty. Whether you are an investor seeking dependable income or a homeowner looking to offset ownership costs, have a business? Operate out of the lower unit of this property. Overall this property offers exceptional versatility in a high-demand location, complete with six total parking spaces (four on South side, two on North side).Extensively updated with major infrastructure improvements, the property features all new Clera windows installed in 2021, a mid-efficiency natural gas boiler servicing both units installed in 2021, upgraded electrical, enhanced insulation including R60 attic insulation, spray foam insulation improvements, and updated plumbing and underground hydro services. Generating approximately $35,500 in average annual net operating income, the property reflects an estimated 5.1% cap rate at the current offering price, presenting a strong opportunity for investors seeking both stability and long-term appreciation. Separate hydro and water meters and commercial zoning further enhance flexibility for mixed-use or business potential, subject to approvals. A detailed five-year history of expenses, updates, and upgrades will be available for buyers to review, making this a standout investment and lifestyle opportunity in beautiful Kincardine. (id:31684)

Listing courtesy of: MAC FERRIS of Wilfred McIntee & Co Limited

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