Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: MC
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Age: No Data
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Taxes: 5662
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MLS®#: X11887316
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Days on Site: 36 Days
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Added: Nov 04, 2024 (1 month ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: KELLER WILLIAMS REALTY CENTRES, BROKERAGE (HANOVER)
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.
Property
Status: Sale
Property Type: Investment
Area: Owen Sound
Community: Owen Sound
Availability Date: Flexible
Assessment Amount: $308,000
Assessment Year: 2024
Inside
Bathrooms: 5
Air Conditioning: Other
Washrooms: 5
Building
Basement: Y
Heat Type: Forced Air
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 7
Fees
Tax Year: 2023
Tax Legal Description: PT LT 29 W/S BAY ST PL OWEN SOUND AS IN R315789; S/T R315789; OW
Taxes: $5,662
Expenses: Act
Insurance Fee: 6880
Operating Fees: 14222
Land
Cross Street: From the Owen Sound
Municipality District: Owen Sound
Parcel Number: 370540052
Sewer: Sewers
Lot Depth: 172.29 Feet
Lot Frontage: 67.25 Feet
Zoning: MC
Commercial Specific
Total Area: 4310
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
École élémentaire catholique St-Dominique-Savio
Elementary: CatholicAlexandra Community School
Elementary: PublicDufferin Elementary School
Elementary: PublicBayview Public School
Elementary: PublicHillcrest Elementary School
Elementary: PublicSydenham Community School
Elementary: PublicÉcole secondaire catholique École secondaire Saint-Dominique-Savio
Secondary: CatholicPeninsula Shores District School
Secondary: PublicGeorgian Bay Community School Secondary School
Secondary: PublicJohn Diefenbaker Senior School
Secondary: PublicSt Mary's High School
Secondary: CatholicOwen Sound District Secondary School
Secondary: Public
