1180 3rd Avenue East Owen Sound, ON N4K2L4
Listing Courtesy of: CREA / Keller Williams Realty Centres, Brokerage (hanover)
$510,000
5
BED
2
BATH

  1180 3rd Avenue East Owen Sound, ON N4K2L4

Active

Description

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:41440)

MLS®:
40297122
Type
Multifamily
County
Grey County
Bathroom Details
  • Full Bathrooms: 2
Subdivision
  • Owen Sound
Heating and Cooling
  • Forced Air
  • None
Utility Information
  • Sewer: Municipal Sewage System
  • Fuel: Natural Gas,
Parking
  • Total: 4
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by Century 21 Canada and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: REALTOR.CA 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. Listing Data Last Updated: 10/2/22 02:01