965/969 Queen Street Kincardine, Ontario N2Z 2Y2

$929,000

2 adjacent commercial properties at the intersection of Queen & Broadway Streets in Kincardine's commercial core (across from Tim Hortons.) The home at 965 Queen St & the commercial property at 969 Queen St are being offered for sale as a package as they share 2 existing street accesses & 6+ parking spaces. The 1151 sq.ft. century brick home has had many upgrades this spring including new vinyl windows, roof shingles replaced, new electrical breaker panel, new kitchen & bathroom cabinets, sink & counter tops, some new flooring at entrance & stairs & complete interior re-paint. Although the home is zoned C-1 General Commercial, it can continue it's residential use under a legal non-conforming provision in the zoning by-law as it has never been used for commercial purposes. See Kincardine's zoning bylaw for the extensive list of non-residential uses in a downtown commercial zone. 969 Queen St is the corner commercial building which was originally a brick, single family home before a large commercial addition was added in the early 1990's. The 3 ground floor commercial units totalling 1901 sq.ft. and the 2nd. storey, 2 bedroom apartment (approximately 1055 sq.ft) are fully rented with an annual gross income of $39,530 (plus rental income from the 2 bedroom home) before expenses of about $8,000. The realty taxes for 2023 are $5288. This prime location with reliable tenants make this property a great opportunity. (id:51211)

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https://www.realtor.ca/real-estate/25588693/965969-queen-street-kincardine