1178 4th Avenue West, Owen Sound - Business for Sale
1178 4th Avenue West, Owen Sound, Ontario, N4K4W5
This business in Owen Sound is for sale offering roughly 4,600 sq ft of space.
Description
Set on a prominent 165 x 120 ft lot (approximately 0.45 acres) in one of Owen Sound's most desirable areas, this unique property offers over 4,600 sq. ft. of finished above-grade space along with exceptional flexibility for future use. The main building features impressive ceiling heights, hardwood flooring, detailed crown moulding, and large windows that provide abundant natural light throughout. Architectural character from a bygone era is evident in the craftsmanship and scale of the interior, complemented by a covered verandah, widow's walk, and attached carport. Zoned R5, the property allows for a wide range of permitted uses, including multi-residential development, professional office space, or conversion to a bed and breakfast, the opportunities are endless. The layout and scale also lend themselves well to a large single-family residence or adaptive re-use project. The site offers a large paved parking area with three separate street access points, providing ideal access for commercial or multi-unit use. In addition, a detached two-storey brick coach house presents further potential for redevelopment, storage, or additional finished space. The basement of the main property provides additional utility space suitable for storage or future development. The property is serviced with hot water radiant heating via a gas boiler system and ductless mini-split air conditioning units for year-round comfort. A rare offering combining size, layout, and historic character in a central and established location, presenting a strong opportunity for redevelopment or restoration. (id:66096)
Property Details
- MLS®
- X13649464
- Property Type
- Business
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 20
- Interior Size
- 4,600 ft²
- Frontage
- 122 ft
- Building Area
- 4,600 ft²
- Heating
- Radiant heat
- Cooling
- Fully air conditioned
- Property Tax
- $5,914/yr
- Listed
- 89 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 89 days on market, against an average age of 91 days across the listings currently for sale in this city
This 5-bed business in Owen Sound has been listed for 89 days, which is 2 days fresher than the city average of 91. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N4K)
This home lists at $749,900, about 10.8× the local median household income of $69,500.
Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 111% above the area median.
- Median household income
- $69,500
- Population
- 28,975
- Median age
- 49.2
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N4K)
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$749,900
Owen Sound