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

805 3rd Avenue

Owen Sound , Ontario

8 5 $829,000

Est payment $3,981/mo

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Time on Jump 55 day

AI Summary *

Prime location near library, mill dam, and farmers' market.
Five units across two buildings with a total of 5,464 sq ft.
Detached one-bedroom unit above carriage house offers extra rental opportunity.
Ample parking with a stamped concrete driveway and separate hydro meters.
On-site tenant may continue snow removal and lawn care services.

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Purchase Price

Term

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Down Payment:
$ 41,450 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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 IDX13493008

Address805 3rd Avenue

CityOwen Sound, Ontario

Price$829,000

Bed / Bath8 / 5 Full

Style2-Storey, Multiplex

ConstructionStone, Hardboard

TypeMulti-Family

StatusFor Sale

Extras

Subtype MultiplexIndoor Features NoneAmenities Library, Public Transit, River/Stream, Rec./Commun.Centre, Hospital, Arts CentreOwnership FreeholdWaterfront NoneBasement Crawl Space, Partial Basement, UnfinishedFoundation StoneHeating / Cooling RadiantHeating Fuel GasSewer Sewer

Market Info

Parking 9.00

Listing Agency:
eXp Realty

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Listing Agency:
eXp Realty

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

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Property Info

Extras

Market Info

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