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:57975)
Property Details
| MLS® Number | X11887316 |
| Property Type | Business |
| Community Name | Owen Sound |
| Amenities Near By | Recreation, Public Transit, Park, Hospital |
| Features | Lighting |
| Parking Space Total | 8 |
| Structure | Deck, Workshop |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Amenities | Separate Heating Controls |
| Appliances | Refrigerator, Stove |
| Basement Development | Unfinished |
| Basement Features | Walk-up |
| Basement Type | N/a (unfinished) |
| Construction Style Other | Seasonal |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,310 Ft2 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Recreation, Public Transit, Park, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 172 Ft ,3 In |
| Size Frontage | 67 Ft ,3 In |
| Size Irregular | Unit=67.25 X 172.29 Ft |
| Size Total Text | Unit=67.25 X 172.29 Ft|under 1/2 Acre |
| Zoning Description | Mc |
https://www.realtor.ca/real-estate/27725590/1522-1524-1526-1544-3rd-avenue-e-owen-sound-owen-sound
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December 11 2024 02:33:59
The Lakelands Association of REALTORS®
Keller Williams Realty Centres