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$765,000
Available - For Sale
Listing ID: X11887316
Introducing an exceptional turn-key investment opportunity in the heart of vibrant Owen Sound. This package includes two side-by-side income producing properties: a legal triplex and a solid brick single-family house with detached shop. Offering altogether more than 4,300 square feet of rentable space, each unit comes with its own separate entrance, hydro meter, and basement. The triplex features three 2 bedroom, 1 bathroom units, while the single-family house offers 3 bedrooms, 2 bathrooms, and a detached shop with separate hydro meter poised for a potential duplex conversion with a little elbow grease. These buildings are economical to operate, and the rents are well stabilized. Generating an impressive income, this is an attractive investment opportunity in a thriving market. Situated in the heart of Owen Sound, a growing and vibrant community, and perfectly positioned to meet the strong demand for rental apartments. Offering an excellent cap rate and with room for even more value-added opportunity, this two-property package presents a great addition to your portfolio.
Price $765,000
Taxes: $5,662
Tax Type: Unknow
Assessment: $308000
Assessment Year: 2024
Occupancy by: Tenant
Address: 1522, 1 3RD Aven East , Owen Sound, N4K 2L9, Grey County
Postal Code: N4K 2L9
Province/State: Grey County
Legal Description: PT LT 29 W/S BAY ST PL OWEN SOUND AS IN
Lot Size: 67.25 x 172.29 (Feet)
Directions/Cross Streets: From the Owen Sound Farmer's Market, head East on 8th Ave E then North onto 3rd Ave E. This two-buil
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Unknown
Total Area: 4,310
Total Area Code:  Square Feet
Area Influences: Recreation/Comm   Public Transit
Insurance Expense: $6880
Maintenance: 0
Operating Expenses: $14222
Expenses Actual/Estimated: $Act
Sprinklers: Unkn
Heat Type: Forced Air
Central Air Conditioning: Other
Elevator Lift: False
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS REALTY CENTRES, BROKERAGE (HANOVER)

1522, 1 3RD Aven East , Owen Sound, N4K 2L9, Grey County


 
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At a Glance:
Type: Com - Investment
Area: Grey County
Municipality: Owen Sound
Neighbourhood: Owen Sound
Style:
Lot Size: 67.25 x 172.29(Feet)
Approximate Age:
Tax: $5,662
Maintenance Fee: $0
Beds: 0
Baths: 5
Garage: 0
Fireplace: N
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