$495,000

For sale

902 2nd Avenue West, Owen Sound - Multi-family for Sale

902 2nd Avenue West, Owen Sound, Ontario, N4K4M7

3 beds2 baths4 parking2,250 ft²53 × 65 ft (3,386 sq ft) lot sizeListed 57 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 57 days, fresher than the Owen Sound average of 91 days.

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Description

Exceptional investment opportunity in the heart of vibrant downtown Owen Sound! This attractive brick century duplex is full of character and just steps from shops, cafés, and the local farmers' market. The bright main floor suite features a spacious one bedroom plus den layout, while the second-floor unit offers two bedrooms plus a den-both with large kitchens and in-suite laundry. With separate hydro meters, and parking for two cars per suite, this property is as practical as it is charming. Extensive updates including shingles, windows, soffit, fascia, eavestroughs, and fresh paint mean it's truly move-in ready. Fully vacant, this duplex offers the rare opportunity to choose your tenants and set rents at current market value-perfect for investors or those looking to live in one unit and rent the other. (id:66096)

Property Details

MLS®: X13760866
Property Type: Multi-family
Zoning: C-1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 53 × 65 ft (3,386 sq ft)
Frontage: 53 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage, Tandem
Property Tax: $4,920/yr
Listed: 57 days ago

Rooms

Main level

Kitchen: 4.09 x 4.52 meters
Living room: 4.93 x 4.37 meters
Bedroom: 103 x 211 meters
Den: 2.36 x 2.49 meters
Mud room: 2.21 x 2.9 meters

Second level

Kitchen: 3.96 x 4.52 meters
Living room: 4.14 x 3.66 meters
Bedroom: 4.06 x 3.66 meters
Bedroom: 3.2 x 2.69 meters
Den: 2.36 x 2.49 meters

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

Features

Appliances: Washer, Dryer, Two stoves, Two Refrigerators
Foundation: Stone
Exterior: Brick

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

$220

List price

$495K

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 RE/MAX Grey Bruce Realty Inc. · TRICIA POOL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4K)

This home lists at $495,000, about 7.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 39% 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)

$495,000· $220/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,750

Min 5%50%

Mortgage payment$2,607/mo

↳ CMHC premium ($18,810 capitalized)

Property tax (est.)$410/mo

Total monthly$3,017

Cash Needed to Close

Down payment (5%)$24,750

Land transfer tax$6,375

Est. closing costs$3,985

Total cash needed$35,110

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