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1522, 1524, 1526, 1544 3RD Avenue E, Owen Sound, Ontario, N4K 2L9

MLS® # 40671812
Investment For Sale In Owen Sound, Ontario
$765,000
Generating an impressive income, these two side-by-side buildings present an attractive investment opportunity in a thriving market. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Turn-key investment opportunity generating proven steady income in the heart of downtown Owen Sound. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
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. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Offering two side-by-side income generating properties. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Legal triplex perfectly positioned to meet the strong demand for rental apartments. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Each unit in the triplex has its own separate entrance, hydro meter, and basement. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Front main floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Front second floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Back two-story unit of triplex featuring 2 bedrooms, 1 bathroom across 860 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Solid brick single-family house. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Side of single-family home, featuring 3 bedrooms and 2 bathrooms. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Two hydro meters at the single-family house allow for a potential duplex conversion. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Detached shop behind the single-family house with 100 amp panel, furnace, and separate hydro meter. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Ideally located near the downtown core, walking distance to shops, restaurants, and public transit. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
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 econom - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Generating an impressive income, these two side-by-side buildings present an attractive investment opportunity in a thriving market. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Turn-key investment opportunity generating proven steady income in the heart of downtown Owen Sound. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
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. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Offering two side-by-side income generating properties. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Legal triplex perfectly positioned to meet the strong demand for rental apartments. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Each unit in the triplex has its own separate entrance, hydro meter, and basement. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Front main floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Front second floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Back two-story unit of triplex featuring 2 bedrooms, 1 bathroom across 860 sq ft. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Solid brick single-family house. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Side of single-family home, featuring 3 bedrooms and 2 bathrooms. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Two hydro meters at the single-family house allow for a potential duplex conversion. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Detached shop behind the single-family house with 100 amp panel, furnace, and separate hydro meter. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
Ideally located near the downtown core, walking distance to shops, restaurants, and public transit. - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
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 econom - 1522, 1524, 1526, 1544 3Rd Avenue E, Owen Sound, ON
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Home Insurance - TD Insurance
Get a home insurance quote online for this $765,000 property in Owen Sound
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Home Insurance - TD Insurance

Get a home insurance quote online for this $765,000 property in Owen Sound

Provided by TD Insurance
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1522, 1524, 1526, 1544 3RD Avenue E, Owen Sound, Ontario, N4K 2L9
$765,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 5
  • Access Type: Highway access
  • Amenities Nearby: Airport, Hospital, Marina, Park, Playground, Public Transit, Schools, Shopping
  • Community Features: Community Centre, School Bus
  • Fence Type: Partially fenced
  • Lot Depth: 172.0 Feet
  • Lot Frontage: 67.0 Feet
  • Structure Type: Workshop, Shed
  • Zoning: MC
  • Sewer: Municipal sewage system
  • Parking Type: Detached garage
  • No. of Parking Spaces: 8

Courtesy of: KELLER WILLIAMS REALTY CENTRES, BROKERAGE (HANOVER)

REALTOR.ca  

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Market Price Trends

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Location of 1522, 1524, 1526, 1544 3RD Avenue E, Owen Sound, Ontario, N4K 2L9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

42/100

Moderate

ClimateCheck®

Current data

This property, 1522, 1524, 1526, 1544 3RD Avenue E , experiences 7 hot days per year at around 29.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 33.2 degrees Celsius.

Projected Avg. Temperature

Past
29.7℃
2050
33.2℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

15 storms expected in 2050

73/100

Moderate-High

ClimateCheck®

Current data

This property, 1522, 1524, 1526, 1544 3RD Avenue E , experiences 12 significant 2-day storms per year, with about 337.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 431mm of precipitation per year.

Precipitation Per Storm

Past
337.6mm
2050
431mm

48-Hour Storms Per Year

Past
12
2050
15

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1522, 1524, 1526, 1544 3RD Avenue E, Owen Sound, Ontario, N4K 2L9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,179.28

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.76 %

High school certificate or equivalent

30.39 %

Apprenticeship trade certificate/diploma

5.03 %

College/non-university certificate

24.37 %

University Degree

10.45 %

Commuter

Travel To Work

By Car

84.6 %

By Public Transit

4.02 %

By Walking

8.38 %

By Bicycle

1.38 %

By Other Methods

1.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.79 %

Houses

46.21 %

Own Vs. Rent

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