1522, 1524, 1526, 1544 3rd Avenue E Owen Sound, Ontario N4K 2L9
$765,000
Introducing an exceptional turn-key investment opportunity in the heart of vibrant Owen Sound. This package includes two side-by-side income producing properties: a legal triplex and a solid brick single-family house with detached shop. Offering altogether more than 4,300 square feet of rentable space, each unit comes with its own separate entrance, hydro meter, and basement. The triplex features three 2 bedroom, 1 bathroom units, while the single-family house offers 3 bedrooms, 2 bathrooms, and a detached shop with separate hydro meter poised for a potential duplex conversion with a little elbow grease. These buildings are economical to operate, and the rents are well stabilized. Generating an impressive income, this is an attractive investment opportunity in a thriving market. Situated in the heart of Owen Sound, a growing and vibrant community, and perfectly positioned to meet the strong demand for rental apartments. Offering an excellent cap rate and with room for even more value-added opportunity, this two-property package presents a great addition to your portfolio. (id:50886)
Property Details
| MLS® Number | 40671812 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre, School Bus |
| ParkingSpaceTotal | 8 |
| Structure | Workshop, Shed |
Building
| BathroomTotal | 5 |
| BedroomsTotal | 9 |
| BasementDevelopment | Unfinished |
| BasementType | Partial (unfinished) |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 4310 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| FenceType | Partially Fenced |
| LandAmenities | Airport, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 172 Ft |
| SizeFrontage | 67 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Mc |
https://www.realtor.ca/real-estate/27612166/1522-1524-1526-1544-3rd-avenue-e-owen-sound
Interested?
Contact us for more information
Hailey Macarthur
Broker
517 10th Street
Hanover, Ontario N4N 1R4
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 04 2024 03:46:13
REALTORS® Association of Grey Bruce Owen Sound
Keller Williams Realty Centres, Brokerage (Hanover)