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Home ON Greater Owen Sound Owen Sound
1522, 1524, 1526, 1544 3RD Avenue E
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1522, 1524, 1526, 1544 3RD Avenue E $765,000
$765,000
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1522, 1524, 1526, 1544 3RD Avenue E
Owen Sound, Ontario N4K2L9

MLS® Number: 40671812
9
Bedrooms
5
Bathrooms
4310
Square Feet

Listing Description

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. (68283978)

Location Description

From the Owen Sound Farmer's Market, head East on 8th Ave E then North onto 3rd Ave E. This two-building package will be on your Left, just beyond St. Mary's Hill and directly across the street from beautiful Alexander Park.

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Square Footage
4310 sqft
Subdivision Name
Owen Sound
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$5,662
Parking Type
Detached Garage
Time on REALTOR.ca
18 days

Building

Bathrooms
Total
5
Interior Features
Basement Type
Partial (Unfinished)
Building Features
Foundation Type
Stone
Structures
Workshop, Shed
Total Units
4
Heating & Cooling
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre, School Bus
Amenities Nearby
Airport, Hospital, Marina, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
8

Measurements

Square Footage
4310 sqft
Above Grade Finished
4310 sqft
Source: Other
Total Unfinished
1274 sqft

Land

Lot Features
Fencing
Partially fenced
Frontage
67 ft
Land Depth
172 ft
Other Property Information
Access
Highway access
Zoning Description
MC
Data provided by: OnePoint - Grey Bruce Owen Sound 517 10th Street, Lower Level, HANOVER, Ontario N4N 1R4

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