$765,000

Investment For Sale In Owen Sound, Ontario

$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)

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • Turn-key investment opportunity generating proven steady income in the heart of downtown Owen Sound. -
  • 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. -
  • Offering two side-by-side income generating properties. -
  • Legal triplex perfectly positioned to meet the strong demand for rental apartments. -
  • Each unit in the triplex has its own separate entrance, hydro meter, and basement. -
  • Front main floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. -
  • Front second floor unit of triplex featuring 2 bedrooms, 1 bathroom across 750 sq ft. -
  • Back two-story unit of triplex featuring 2 bedrooms, 1 bathroom across 860 sq ft. -
  • Solid brick single-family house. -
  • Side of single-family home, featuring 3 bedrooms and 2 bathrooms. -
  • Two hydro meters at the single-family house allow for a potential duplex conversion. -
  • Detached shop behind the single-family house with 100 amp panel, furnace, and separate hydro meter. -
  • 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 econom -