$325,000
 $1,745 est/mo Sourced by Back At You

1700 3rd Avenue E,Owen Sound, ON N4K2L9

Owen Sound, ON N4K2L9

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Description

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)

Details

MLS #X13452260
Listing TypeFor Sale
StatusActive
Days On Site135
Listing Provided ByCentury 21 Millennium Inc. | TIM MATTHEWS

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet1,500
BasementY
Story(s)2
ZoningMC

Interior

CoolingNone
HeatingForced air, Natural gas
Fireplace Yes / NoNo

Exterior

Lot FeaturesIrregular lot size
Foundation DetailsStone

Parking

Parking FeaturesNo Garage
Parking Total4

Utilities

SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount2645
Tax Year2025

Area Information

ProvinceON
CityOwen Sound
Postal CodeN4K2L9
Listing VS Median (in N4K2L9)
Price:
$325,000
low | high
Med:
$412,450
23.092307692308% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$217
low | high
Med:
$275
23.092307692308% of Average
On site:
135
low | high
Med:
104
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityOwen Sound
Postal CodeN4K2L9
Listing VS Median (in N4K2L9)
Price:
$325,000
low | high
Med:
$412,450
23.092307692308% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$217
low | high
Med:
$275
23.092307692308% of Average
On site:
135
low | high
Med:
104
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $243K - $406K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
1671 4TH AVENUE E Property Photo 1
$335,000
1671 4th Avenue E
Owen Sound, ON N4K2R1
Listing Updated: October 21, 2026 at 7:40:59 PM PDT