433 Broadway Street: Kincardine House for sale : MLS®# X12806440
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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.
Property Type:
Residential Freehold
Property Sub Type:
Duplex
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
2500-3000
Lot Depth:
165'50.3 m
Lot Frontage:
37'11.3 m
Direction Faces:
South
Bedrooms:
3+2
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
14
Rooms Below Grade:
8
Fractional Ownership:
No
Zoning:
Commercial
Assignment:
No
Heating type:
Radiant
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Concrete, Stone
Roof:
Asphalt Shingle
Basement:
Exposed Rock, Full
Fireplace Features:
Other
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Features:
Front Yard Parking, Private, Private Triple, Reserved/Assigned
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
Yes
Possession Details:
May 1st
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Development Charges Paid:
No, Unknown
Taxes:
$4,240 /
2025
Assessment:
$- /
2025
Bruce
Kincardine
Kincardine
Primary Bedroom - Main Floor, Guest Accommodations, Upgraded Insulation, Water Heater Owned, Storage, Carpet Free
Porch, Privacy, Lighting, Year Round Living, Paved Yard
List to be provided including appliances in both units and furnished upper level complete with furniture and all furnishings. 1 HWT
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