$419,000

For sale

1140 2nd Avenue West, Owen Sound - Multi-family for Sale

1140 2nd Avenue West, Owen Sound, Ontario, N4K4N2

3 beds2 baths3 parking2,250 ft²41 × 154 ft (6,276 sq ft) lot sizeListed 34 days ago

Overview

This multi-family property in Owen Sound is for sale offering roughly 2,250 sq ft of space. It has been on the market 34 days, fresher than the Owen Sound average of 91 days.

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Description

Welcome to 1140 2nd Avenue W, this Victorian red brick duplex offering an great investment opportunity or the perfect canvas to convert back into a grand single-family home. This character-filled property showcases timeless architectural details, including authentic stained-glass windows, original oak pocket doors, and airy 9.5-foot ceilings. The versatile two-unit layout consists of a comfortable one-bedroom, one-bathroom lower apartment with a private walk-out deck, alongside an upper unit with two bedrooms plus a bonus loft area ideal for a home office or media room. Perfectly positioned steps from the scenic Sydenham River, this highly walkable location provides instant access to Owen Sound's vibrant River District shops, artisan dining, and cafés. Enjoy lifestyle-driven living with waterfront trails, Kelso Beach, the Roxy Theatre, the Saturday morning Farmers' Market, and the central transit terminal all right at your doorstep. Rents: Apt 1: $1,200/mo; Apt 2: $1,800/mo. (id:66096)

Property Details

MLS®: X13851830
Property Type: Multi-family
Zoning: R4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 41 × 154 ft (6,276 sq ft)
Frontage: 41 ft
Storeys: 2
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,812.52/yr
Listed: 34 days ago

Rooms

Main level

Living room: 4.39 x 3.96 meters
Bedroom: 4.8 x 3.92 meters
Bathroom: 3.28 x 1.25 meters
Dining room: 3.69 x 3.35 meters
Foyer: 4.08 x 2.59 meters
Kitchen: 3.65 x 3.41 meters

Second level

Bedroom: 4.54 x 4.08 meters
Bedroom: 3.71 x 3.47 meters
Kitchen: 3.56 x 2.61 meters
Bathroom: 2.56 x 2.45 meters

Features

Appliances: Washer, Dryer, Two stoves, Water Heater - Tankless, Water Heater, Two Refrigerators
Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Owen Sound listings, avg age

91d

Price / ft²

$186

List price

$419K

Haho

This 3-bed multi-family in Owen Sound has been listed for 34 days, which is 57 days fresher than the city average of 91. Act while there is still low competition.

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Listed by Royal LePage Locations North · DOMINIC ELLIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4K)

This home lists at $419,000, about 6.0× the local median household income of $69,500.

Carrying it typically needs a household income of about $81,845 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$419,000· $186/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,950

Min 5%50%

Mortgage payment$2,207/mo

↳ CMHC premium ($15,922 capitalized)

Property tax (est.)$401/mo

Total monthly$2,608

Cash Needed to Close

Down payment (5%)$20,950

Land transfer tax$4,855

Est. closing costs$3,757

Total cash needed$29,562

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