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$1,072,000
Owen Sound
900 2nd Avenue West, Owen Sound, Ontario, N4K4M5
This multi-family property in Owen Sound is for sale offering roughly 4,250 sq ft of space.
Embark on an exceptional investment journey with this property in the River District/Downtown, offering not just lucrative potential but the possibility of a home base if you choose to reside in one of its units while renting out the rest. Additionally, the commercial unit presents an opportunity to run a business right at your doorstep. This classic Victorian residence exudes charm and character at every corner, enhanced by its high ceilings and open, well-laid-out units. Extensive renovations have revitalized its allure, ensuring its timeless appeal. With four fully leased residential units and one rented commercial space, this property stands as a beacon of investment potential, impeccably maintained and ready for profitability. Nestled amidst the scenic beauty of Owen Sound, residing here offers a lifestyle marked by tranquility and convenience. Explore charming local shops, savor culinary delights at nearby restaurants, and immerse yourself in the rich cultural fabric of the community. With picturesque parks, breathtaking waterfront views, and a welcoming atmosphere, Owen Sound epitomizes the essence of small-town living with modern amenities. Seize the opportunity to own a piece of this vibrant locale, where each day holds new possibilities for exploration and enjoyment. Building gross revenue (rent + coin laundry) $94,616.75. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 160 days on market, against an average age of 91 days across the listings currently for sale in this city
This 8-bed multi-family in Owen Sound is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,072,000, about 15.4× the local median household income of $69,500.
Carrying it typically needs a household income of about $209,399 (20% down, 25-yr amortization, stress-tested) — roughly 201% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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