$375,000
Available - For Sale
Listing ID: X13452260
1700 3rd Avenue East , Owen Sound, N4K 2L9, Grey County
| 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.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. |
| Price | $375,000 |
| Taxes: | $2645.00 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 1700 3rd Avenue East , Owen Sound, N4K 2L9, Grey County |
| Directions/Cross Streets: | 3rd Ave E & 17th St E |
| Rooms: | 16 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Walk-Out, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Foyer | 4.76 | 3.94 | |
| Room 2 | Main | Living Ro | 14.79 | 9.81 | |
| Room 3 | Main | Bathroom | 12.63 | 4.33 | |
| Room 4 | Main | Kitchen | 12.43 | 11.81 | |
| Room 5 | Main | Primary B | 15.61 | 11.81 | |
| Room 6 | Main | Bedroom | 12.92 | 9.48 | |
| Room 7 | Basement | Bathroom | 7.12 | 6.92 | |
| Room 8 | Basement | Family Ro | 25.98 | 14.37 | |
| Room 9 | Second | Living Ro | 19.78 | 8.46 | |
| Room 10 | Second | Bathroom | 8.63 | 5.15 | |
| Room 11 | Second | Dining Ro | 12.43 | 10.43 | |
| Room 12 | Second | Kitchen | 12.46 | 10.92 | |
| Room 13 | Second | Bedroom | 9.94 | 8.43 | |
| Room 14 | Second | Bathroom | 5.54 | 4.53 | |
| Room 15 | Second | Bedroom | 11.45 | 5.54 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 4 | |
| Washroom Type 3 | 5 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Century 21 Millennium Inc. |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Grey County |
| Municipality: | Owen Sound |
| Neighbourhood: | Owen Sound |
| Style: | 2-Storey |
| Tax: | $2,645 |
| Beds: | 5 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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