$589,000

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121 Grey Rd 17b Road, Owen Sound - Multi-family for Sale

121 Grey Rd 17b Road, Owen Sound, Ontario, N4K5R8

4 beds2 baths6 parking

516 4th Avenue East, Owen Sound, Ontario, N4K2N2

5 bd2 ba3 pk2,250 ft²Lot size 35 × 103 ft (3,605 sq ft)

Listed by RE/MAX Grey Bruce Realty Inc.

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For sale

25 days ago

$549K

1082 8th Street East, Owen Sound, Ontario, N4K1M6

5 bd3 ba11 pk1,750 ft²Lot size 67 × 124 ft (8,257 sq ft)

Listed by Ron Hopper Real Estate Ltd.

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

For sale

34 days ago

$419K

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

3 bd2 ba3 pk2,250 ft²Lot size 41 × 154 ft (6,276 sq ft)

Listed by Royal LePage Locations North

1154 2nd Avenue West, Owen Sound, Ontario, N4K4N2

For sale

48 days ago

$699K

1154 2nd Avenue West, Owen Sound, Ontario, N4K4N2

7 bd3 ba8 pk2,750 ft²Lot size 40 × 197 ft (7,880 sq ft)

Listed by Vantage Point Realty Ltd.

Investment analysis

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$589,000

Owen Sound

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42,645 sq ft (0.97 ac) lot size

Overview

This multi-family property in Owen Sound is for sale offering roughly 1,750 sq ft of space. It has been on the market 3 days, fresher than the Owen Sound average of 91 days.

Multi-Family Properties for Sale in Owen Sound →All real estate in Owen Sound →

Description

Duplex. Main Floor 2-Br Apt rented for for $1,800/month. 2nd Floor 2-Br Apt rented $1,800/month. Total gross income of $43,200 yearly. About 1 Acre lot. House is on Municipal water. Good Income + Potential Future Development land. Excellent Investment! Lots of renovations done recently. Main floor apt: New Kitchen Counter Top, Professionally Painted Throughout, most windows redone, 2nd floor apt: New Renovations 2-Br apt, kitchen, mostly new windows, New roof and eavestrough (2026). Chimney redone (2026), 200 Amps Service. Also known as: 1053 9th Ave W, Owen Sound. (id:66096)

Property Details

MLS®: X14137140
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 42,645 sq ft (0.97 ac)
Frontage: 170 ft
Storeys: 1
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Attached Garage, Garage
Property Tax: $2,595/yr
Listed: 3 days ago

Features

Appliances: Dryer, Two stoves, Water Heater, Two Refrigerators
Foundation: Block
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Owen Sound listings, avg age

91d

Price / ft²

$337

List price

$589K

Haho

This 4-bed multi-family in Owen Sound has been listed for 3 days, which is 88 days fresher than the city average of 91. Act while there is still low competition.

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Listed by REALTY ASSOCIATES INC. · CATALINO G. REYES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4K)

This home lists at $589,000, about 8.5× the local median household income of $69,500.

Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 66% 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)

$589,000· $337/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,900

Min 5.76%50%

Mortgage payment$3,078/mo

↳ CMHC premium ($22,204 capitalized)

Property tax (est.)$216/mo

Total monthly$3,294

Cash Needed to Close

Down payment (5.76%)$33,900

Land transfer tax$8,255

Est. closing costs$4,267

Total cash needed$46,422

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