$575,000

For sale

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737 4th Avenue East, Owen Sound - Multi-family for Sale

737 4th Avenue East, Owen Sound, Ontario, N4K2N5

3 beds3 baths4 parking ft²

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

4 bd2 ba6 pk1,750 ft²Lot size 42,645 sq ft (0.97 ac)

Listed by REALTY ASSOCIATES INC.

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

For sale

12 days ago

$500K

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.

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

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

Investment analysis

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$575,000

Owen Sound

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32 × 220 ft (7,040 sq ft) lot size

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 57 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

2 Unit Duplex in the heart of Owen Sound, walkable to downtown shops, galleries, entertainment and restaurants. Main floor unit is one bedroom (could be made into two) with 4pc bath, kitchen, living room(s) and dining room. Full use of basement with in suite laundry. Upstairs is a 2 bedroom unit, living room, dining room with gas fireplace, walk out to upper deck from kitchen, in suite laundry in the 2pc bath and a 3pc ensuite bathroom in the third floor primary. Deep landscaped, private lot in the back, parking for four in front. Roof, soffit & fascia (2021), updated appliances (2021). Fully tenanted with excellent tenants. (id:66096)

Property Details

MLS®: X13754730
Property Type: Multi-family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 32 × 220 ft (7,040 sq ft)
Frontage: 32 ft
Storeys: 2
Basement: Full
Heating: Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Fireplace: Yes
Property Tax: $4,793/yr
Listed: 57 days ago

Rooms

Main level

Living room: 3.58 x 3.96 meters
Foyer: 3.66 x 1.43 meters
Dining room: 3.17 x 2.21 meters
Kitchen: 3.08 x 2.62 meters
Bedroom: 2.82 x 3.96 meters
Bathroom: 3.05 x 1.4 meters
Family room: 4.3 x 2.82 meters

Second level

Living room: 5.08 x 3.15 meters
Dining room: 5.27 x 2.5 meters
Kitchen: 2.95 x 2.52 meters
Bathroom: 2.95 x 1.36 meters
Bedroom: 3.56 x 3.25 meters

Third level

Primary Bedroom: 9.32 x 3.38 meters
Bathroom: 3.08 x 2.5 meters

Basement

Other: 2.11 x 3.41 meters
Utility room: 2.03 x 2.39 meters
Other: 7.93 x 6.07 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Concrete
Exterior: Brick
Lot Features: Level lot, Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Owen Sound listings, avg age

91d

Price / ft²

$256

List price

$575K

Haho

This 3-bed multi-family in Owen Sound has been listed for 57 days, which is 34 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 · CATHI PARRISH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4K)

This home lists at $575,000, about 8.3× the local median household income of $69,500.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 62% 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)

$575,000· $256/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$399/mo

Total monthly$3,407

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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