1180 3RD Avenue E Owen Sound, ON$510,000

#40297122

5

2

2270

About the Property

Turn-key investment opportunity in the heart of downtown Owen Sound. Solid brick Duplex featuring 2,270 square feet with a 3 bedroom, 1 bath unit on the main floor and 2 bedroom, 1 bathroom unit on the upper floor, each with a separate entrance and separate hydro meter. Generating an impressive 6.7% cap rate in 2021, this building is economical to operate and the rents are well stabilized. Improvements include electrical, plumbing, hot water tank, bathrooms, and vinyl flooring throughout. Ideally located near the downtown core, walking distance to shops, restaurants, and public transit. Owen Sound is a thriving community and regional centre serving both Grey and Bruce Counties with a focus on business, health, education, tourism, and culture, contributing greatly to its stable economic base. Offering an excellent cap rate and with room for even more value-added opportunity, this property presents a great addition to your portfolio. (id:32937)

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Listing Agent

HAILEY MACARTHUR

Salesperson

(519) 270-4555

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Key Information

City: Owen Sound

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

165 ft

Community Features

High Traffic Area, Community Centre, School Bus

Features

Park/reserve, Beach, Crushed stone driveway

Location

From the Owen Sound Farmer's Market, head North on 2nd Ave E, crossing over 10th St E. Turn right onto 11th St E, then left onto 3rd Ave E. Duplex will be on your left at 1180 3rd Ave E.

Building

Bathrooms

2

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

2

Building Style

Duplex

Exterior Finish

Brick

Heating Type

Forced air

Cooling Type

None

Appliances Included

Water meter

Foundation Type

Stone

Parking Space Total

4

Measurements

Additional Info

Listing Contract Date

2022-07-20

Zoning Description

C-1-2

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