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:47421)
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Detailed Information
Bedrooms
9
Bathrooms
5
Lot
67.25 x 172.25 ft
Amenities Nearby
Recreation, Public Transit, Park, Hospital
Features
Lighting
Listing Contract Date
2024-11-04
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.
# of Parking Spaces
8
Property Type
Business
Structures
Deck, Workshop
Transaction Type
For sale
Zoning Description
MC
Building
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
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
Unit=67.25 x 172.29 FT | under 1/2 acre
Amenities
Recreation, Public Transit, Park, Hospital
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
Unit=67.25 x 172.29 FT
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