view of front of property with stone siding, a chimney, and a patio Features: downspout, deck, horizontal siding, stone siding, gutters, patio, parking pad, chimney More Photos

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    For Sale - 805 3rd Avenue, Owen Sound, Ontario

    Est payment $4,682/mo
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    Time on Jump  4 day

    AI Summary *

    • Great investment property with five rental units in a prime location.
    • Walking distance to the library, mill dam, and farmers market.
    • Total above-grade living space of 5,464 sq ft across two buildings.
    • Separate hydro meters for each unit, simplifying utility management.
    • On-site tenant for snow removal and lawn care assistance.




    Well-located multiplex investment property within walking distance to the library, mill dam, and farmers market, featuring a total of five units across two buildings. The main building offers four units with 4,768 sq ft, plus a separate 696 sq ft one-bedroom unit above the carriage house, for a total of 5,464 sq ft of above-grade living space. Currently qualifies for residential financing, as the fifth unit is detached. The property includes a partial basement with coin-operated laundry and storage, a stamped concrete driveway with ample parking, and separate hydro meters for each unit. Heating is provided by radiant hot water with boilers replaced in november 2022 by nickason's. The main building features tall ceilings and consists of three two-bedroom units and one one-bedroom unit, with an additional one-bedroom unit above the garage. A reliable on-site tenant currently handles snow removal and lawn care and may be willing to continue. Financials include annual taxes of $8,757. 21, gas $3,850. 19, insurance $3,626. 37, hydro $1,953. 51, water and sewer $2,668, and snow and grass $2,366, with additional income from laundry at $1,800 and total rental income of $71,157. 96. Note that minor water seepage may occur in the laundry room during spring thaw or heavy rain, draining to the floor drain. Zoned r5.
    Listing IDX12992310
    Address805 3rd Avenue
    CityOwen Sound, Ontario
    Price$975,000
    Bed / Bath8 / 5 Full
    Style2-Storey, Multiplex
    ConstructionStone, Hardboard
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneAmenities Library, Public Transit, River/StreamOwnership FreeholdBasement Crawl Space, Partial Basement, UnfinishedFoundation StoneHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 9.00
    ASAP

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    Listing Agency:  eXp Realty

    * 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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    805 3rd Avenue
    Owen Sound , Ontario
    8 5 $975,000
    Get more info