992 3rd Avenue East, Owen Sound | Image 1

992 3rd Avenue East

Owen Sound, Owen Sound

  • Commercial

$1,949,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: C1

  • Age: No Data

  • Taxes: 8479

  • MLS®#: X8166076

  • Days on Site: 17 Days

  • Added: Mar 22, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REALCAP REALTY INC.

Super Investment Opportunity; 12 unit building middle of booming Owen Sound, 12 units All 1 Bedroom fully occupied and leased. Some units are renovated. Newer Windown through out. On Municipal water and sewer. No laundry facilities. Security Cameras. Not Water owned (electric). Newer laminate F1 thru-out. Rent below average Huge up side yearly Income 1,44,600 with Expenses 21,000 Tenants pays own hydro; net Income 123000 as per Seller providing 6.3% cap; Buyer to do his own due diligence. Rent can be further negotiated as and when units are coming due for renewal.

Extras

12 fridges, 12 stoves, hot water tank, security cameras, simply being sold AS IS Buyer to do own due diligence.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Owen Sound

  • Community: Owen Sound

  • Availability Date: tbd

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Radiant

  • Elevator: None

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Other

Fees

  • Tax Year: 2023

  • Taxes: $8,479

  • Taxes Type: Annual

Land

  • Cross Street: 3rd Avenue And Highw

  • Municipality District: Owen Sound

  • Parcel Number: 370730031

  • Lot Depth: 48.9 Feet

  • Lot Frontage: 104.73 Feet

  • Zoning: C1

Commercial Specific

  • Rail: N

  • Total Area: 5060

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Soil Test: N

Map of 992 3rd Avenue East, Owen Sound
JK-8

École élémentaire catholique St-Dominique-Savio

Elementary: Catholic
1.35 km
JK-8

Alexandra Community School

Elementary: Public
1.13 km
JK-6

Dufferin Elementary School

Elementary: Public
0.48 km
JK-8

Bayview Public School

Elementary: Public
0.86 km
JK-3

St Basil's Separate School

Elementary: Catholic
1.59 km
JK-8

Hillcrest Elementary School

Elementary: Public
0.91 km
9-12

École secondaire catholique École secondaire Saint-Dominique-Savio

Secondary: Catholic
1.35 km
9-12

Peninsula Shores District School

Secondary: Public
25.31 km
9-12

Georgian Bay Community School Secondary School

Secondary: Public
28.52 km
9-12

John Diefenbaker Senior School

Secondary: Public
47.21 km
9-12

St Mary's High School

Secondary: Catholic
0.91 km
9-12

Owen Sound District Secondary School

Secondary: Public
1.30 km