Deepak Sharma
Broker
Remax Royal Properties Realty Brokerage, Brokerage
Independently owned and operated.
7595 Markham Rd #19 , Markham, Ontario L3S0B6
Cell: 647-229-0670Office: 905-554-0101
$765,000
Available - For Sale
Listing ID: X11887316
1522, 1 3RD Ave East , Owen Sound, N4K 2L9, Ontario
| 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. |
| Price | $765,000 |
| Taxes: | $5662.00 |
| Assessment: | $308000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 1522, 1 3RD Ave East , Owen Sound, N4K 2L9, Ontario |
| Postal Code: | N4K 2L9 |
| Province/State: | Ontario |
| Legal Description: | PT LT 29 W/S BAY ST PL OWEN SOUND AS IN |
| Lot Size: | 67.25 x 172.29 (Feet) |
| Directions/Cross Streets: | From the Owen Sound Farmer's Market, head East on 8th Ave E then North onto 3rd Ave E. This two-buil |
| Total Area: | 4310.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Park Public Transit |
| Insurance Expense: | $6880 |
| Operating Expenses: | $14222 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 5 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Other |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS REALTY CENTRES, BROKERAGE (HANOVER) |
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Deepak Sharma
Broker
Dir:
647-229-0670
Bus:
905-554-0101
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Grey County |
| Municipality: | Owen Sound |
| Neighbourhood: | Owen Sound |
| Lot Size: | 67.25 x 172.29(Feet) |
| Tax: | $5,662 |
| Baths: | 5 |
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