1180 3rd Avenue E Owen Sound, Ontario N4K 2L4
$510,000
Turn-key investment opportunity in the heart of downtown Owen Sound. Solid brick Duplex featuring 2,270 square feet with a 3 bedroom, 1 bath unit on the main floor and 2 bedroom, 1 bathroom unit on the upper floor, each with a separate entrance and separate hydro meter. Generating an impressive 6.7% cap rate in 2021, this building is economical to operate and the rents are well stabilized. Improvements include electrical, plumbing, hot water tank, bathrooms, and vinyl flooring throughout. Ideally located near the downtown core, walking distance to shops, restaurants, and public transit. Owen Sound is a thriving community and regional centre serving both Grey and Bruce Counties with a focus on business, health, education, tourism, and culture, contributing greatly to its stable economic base. Offering an excellent cap rate and with room for even more value-added opportunity, this property presents a great addition to your portfolio. (id:47166)
Property Details
| MLS® Number | 40297122 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Beach, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area, Community Centre, School Bus |
| Features | Park/reserve, Beach, Crushed Stone Driveway |
| Parking Space Total | 4 |
| Structure | Shed, Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Appliances | Water Meter |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2270 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Airport, Beach, Hospital, Marina, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C-1-2 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24683548/1180-3rd-avenue-e-owen-sound
Interested?
Contact us for more information
Hailey Macarthur
Salesperson
(905) 895-3030
homeswithhailey.kw.com
www.facebook.com/haileymacarthurrealestate
https://www.instagram.com/homes.with.hailey
517 10th Street
Hanover, Ontario N4N 1R4
1 (877) 895-5972
(905) 895-3030
Kwrealtycentres.com
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July 20 2022 05:43:43
REALTORS® Association of Grey Bruce Owen Sound
Keller Williams Realty Centres, Brokerage (Hanover)