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$ 429,900
Est. payment | /mo
4 Beds
2 Baths
$ 429,900
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Owen Sound
MLS Listing ID X13662380
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,116
Tax Year 2025
Property Sub-Type Duplex
Property Description
Updated East Side Duplex - Vacant & Ready for Your Tenants. Welcome to this recently renovated up-and-down duplex located on the east side of Owen Sound. Offering two spacious 2-bedroom, 1-bathroom units, this property is an excellent opportunity for investors, house hackers, or buyers looking to add a turnkey income property to their portfolio. The main floor features a freshly updated 2-bedroom, 1-bathroom unit with brand-new LVP flooring throughout, a completely renovated bathroom with a tub/shower combination, plenty of natural light from an abundance of windows, and a spacious living room. The upper unit has also been freshly updated and offers 2 bedrooms, 1 bathroom, and the added bonus of a bright second-storey sunroom - a great space to enjoy your morning coffee, create a home office, or simply relax.Both units feature their own in-suite laundry, providing added convenience for tenants. The property is equipped with separate gas and hydro meters for each unit, allowing tenants to pay their own utilities and simplifying ownership. There is also parking for four vehicles, adding further convenience and rental appeal. The building's flat roof membrane was replaced in 2022, providing an important recent capital improvement for the property. With renovations recently completed, the building is completely vacant and ready for you to choose your own tenants and set the rents. Estimated market rent is approximately $1,700 + gas and hydro per unit, representing potential gross rental income of approximately $40,800 annually and an estimated 7% cap rate. A turnkey duplex with fresh updates, separate utilities, in-suite laundry, parking for four, and immediate rental potential - an excellent opportunity to add a renovated income property to your portfolio.
Location
Province ON
County Grey County
Area Grey County
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Membrane
Lot Frontage 24.05
Lot Depth 92.0
Total Parking Spaces 4
Building
Foundation Stone
Others
ParcelsYN No
Listed by Sutton-Sound Realty
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