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    For Sale - 1700 3rd Avenue, Owen Sound, Ontario

    Est payment $1,561/mo
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    Views   4
    Time on Jump  113 day

    AI Summary *

    • Affordable duplex with two spacious three-bedroom units for flexible living or investing.
    • One unit recently renovated in 2022, ready for immediate rental at $1,600/month.
    • Vacant unit provides opportunity to renovate and set market rent or live in.
    • Billboard lease generates extra income of approximately $800 per year.
    • Detached barn/workshop offers additional storage or workspace with renovation potential.




    Affordable duplex investment opportunity in owen sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building with mc zoning the possibilities are interesting. One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building's electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive. The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs. A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property's utility and long-term value. With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations.
    Listing IDX13452260
    Address1700 3rd Avenue
    CityOwen Sound, Ontario
    Price$325,000
    Bed / Bath5 / 4 Full
    Style2-Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features NoneOwnership FreeholdBasement Walk-Out, FullFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: Century 21 Millennium Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1700 3rd Avenue
    Owen Sound , Ontario
    5 4 $325,000
    Get more info