982 1st Avenue W Owen Sound, ON N4K4K5
Listing Courtesy of: ITSO FRANCHISE / Century 21 In-Studio Realty Inc. Brokerage / Mark Barbosa
$685,000
7
BED
2
BATH
2,800
SQFT
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  982 1st Avenue W Owen Sound, ON N4K4K5

Pending (149 Days)

Description

Mixed use residential/commercial investment opportunity in the heart of the popular River District, downtown Owen Sound! This solid 3 storey red brick building features a beautifully renovated 2 bedroom main floor apartment, including modernized kitchen and bath but still has touches of charm throughout in the arched doorways and crown moulding. Another 5 bedroom upper unit has plenty of space making it a flexible rental option for anyone, with a large kitchen with plenty of storage. Sweeping views of the River and Inner Harbour just across the 10th St bridge. This location is fantastic for being close to coffee shops, retail stores and outdoor parks. A long time tenant operates a successful hair salon in the self contained commercial space at the rear. This building is economical to operate and the rents are well stabilized, never a problem keeping it fully rented. It sports a generous 6.5% CAP rate, making this a great addition to your portfolio. This property is well positioned in a quickly emerging downtown setting. Ideal for owner occupied or STA. Private viewings available now. Seller may consider a small VTB.

MLS®:
40362861
Type
Multifamily
Views
River
County
Grey County
Bathroom Details
Interior Features
  • Windows: Window Coverings
  • Washer
  • Stove
  • Refrigerator
  • Dryer
  • Instant Hot Water
  • Laundry: Upper Level
  • Laundry: In-Suite
Lot Information
  • Visual Exposure
  • Shopping Nearby
  • Public Transit
  • Playground Nearby
  • Place of Worship
  • Park
  • Library
  • City Lot
  • Business Centre
  • Arts Centre
  • Urban
Property Features
  • Fireplace: Gas
  • Fireplace: 1
  • Foundation: Stone
Heating and Cooling
  • Natural Gas
  • Forced Air
  • Central Air
Basement Information
  • Unfinished
  • Full
Pool Information
  • None
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: Sewer (Municipal)
Parking
  • Total: 5
Stories
  • 3
Living Area
  • 2,800 sqft
Location
Map View | Street View
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 09, 2023
Price Changed
$685,000
-2%
-14,000
Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 6/4/23 22:12

CENTURY 21 In-Studio Realty Inc. Brokerage

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927 2nd Ave E, Owen Sound, ON N4K2H5

(519) 375-7153

tim.matthews@c21.ca

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