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. (id:13843)
| MLS # | X13452260 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 135 |
| Listing Provided By | Century 21 Millennium Inc. | TIM MATTHEWS |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | MC |
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Lot Features | Irregular lot size |
|---|---|
| Foundation Details | Stone |
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 2645 |
|---|---|
| Tax Year | 2025 |
| Province | ON |
|---|---|
| City | Owen Sound |
| Postal Code | N4K2L9 |
| Listing VS Median (in N4K2L9) | |
Price: $325,000 low | high Med: $412,450 sqft: 1,500 low | high Med: 1,500 $ / sqft: $217 low | high Med: $275 On site: 135 low | high Med: 104 | |
| Province | ON |
|---|---|
| City | Owen Sound |
| Postal Code | N4K2L9 |
| Listing VS Median (in N4K2L9) | |
Price: $325,000 low | high Med: $412,450 sqft: 1,500 low | high Med: 1,500 $ / sqft: $217 low | high Med: $275 On site: 135 low | high Med: 104 | |