353 11TH Street E

Multi-family For Sale in Owen Sound, Ontario

$499,000
  • 3 Beds
  • 1 Baths
  • 1,272 Sq. Ft.

4.9% potential cap rate with a projected gross income of $32,400 and anticipated expenses of $7500 per year. Rent the two bedroom unit for $1500 per month and the main floor unit for $1200 per month for a positive cashflow. Have the tenants pay the utilities for an even better cap rate. This completely renovated property is waiting for new tenants. Main floor features.9' ceilings, bedroom with French doors, large living room, bright kitchen with laundry, spa-like bath with body jets in the shower. Luxury vinyl plank flooring throughout. Two bedroom unit on second floors with L-shaped kitchen offers lots of cabinetry and counter space along with a cozy breakfast bar for two. The living area offers lots of space and has a bonus electric fireplace for ambience. The primary bedroom on this floor is 16 feet long! The second bedroom is 100 square feet. Completely renovated in the last six month. Roof was replaced in 2021 and front porch was re-shingled in 2022. Deeded access by right of way to rear yard provides additional options. (id:4069)
Address 353 11TH Street E
List Price $499,000
Property Type Multi-family
Type of Dwelling Duplex
Area Ontario
Sub-Area Owen Sound
Bedrooms 3
Bathrooms 1
Floor Area 1,272 Sq. Ft.
MLS® Number 40263870
Listing Brokerage RON HOPPER REAL ESTATE LTD Brokerage
Postal Code N4K1V3
Zoning R5

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Brand Realty Group

1525 16th St E Owen Sound Ontario N4K 5N3

Office: 519 377 4611

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