$749,900
Owen Sound
1178 4th Avenue West, Owen Sound, Ontario, N4K4W5
This 5-bedroom, 4-bathroom home in Owen Sound is for sale offering roughly 4,250 sq ft of space.
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)
Features and services as supplied by the listing brokerage.
Long Listed: 91 days on market, against an average age of 93 days across the listings currently for sale in this city
This 5-bed single family in Owen Sound has been listed for 91 days, which is 2 days fresher than the city average of 93. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA N4K)
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Loading rates, 30-yr amortization
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