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$824,000
Shelburne
221 Owen Sound Street, Shelburne, Ontario, L9V3L2
This multi-family property in Shelburne is for sale offering roughly 2,790 sq ft of space. It has been on the market 28 days, fresher than the Shelburne average of 105 days.
LEGAL TRIPLEX. This iconic building located in the growing municipality of Shelburne has been completed renovated top to bottom, creating a 3 bedroom unit, a 2 bedroom unit and a 1 bedroom basement walkout unit. Opportunity for Owner Occupied as the main floor 3 Bedroom unit has recently become vacant. The upper 2 Bedroom and basement 1 bedroom are currently occupied with good tenants who would like to stay - income from those two units is $3400 per month. With 15% down payment the mortgage payment is $3430 (30 year amortization @3.7%) Great opportunity for first time home buyer to get into the market. Gross rent is $5600 fully tenanted. All units have their own laundry facilities, separate hydro meters and separate water meters. Luxury vinyl plank flooring throught all units. One parking space for each tenant. Located close to Shelburne's Downtown - also walking distance to schools and recreation facilities. Please note: Main floor unit is vacant and can be viewed. Upper and Basement units are finished in a similar manner as per the photos. Showing of the tenanted spaces upon accepted offer. Floor plans and Zoning Approval are in the photos. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 105 days across the listings currently for sale in this city
This 6-bed multi-family in Shelburne has been listed for 28 days, which is 77 days fresher than the city average of 105. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $824,000, about 7.8× the local median household income of $105,000.
Carrying it typically needs a household income of about $160,956 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9V)
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Loading rates, 30-yr amortization
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