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353 11th Street E Owen Sound, Ontario N4K 1V3

3 Bedroom 1 Bathroom 1272
None Forced Air

$499,000

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:47237)

Property Details

MLS® Number 40263870
Property Type Multi-family
Amenities Near By Place Of Worship, Shopping
Parking Space Total 2

Building

Bathroom Total 1
Bedrooms Total 3
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Brick
Fire Protection None
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1272
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Place Of Worship, Shopping
Sewer Municipal Sewage System
Size Depth 83 Ft
Size Frontage 18 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5

https://www.realtor.ca/real-estate/24441174/353-11th-street-e-owen-sound

Randy Byars
Broker

(519) 374-1962
(519) 371-5668

Ron Hopper Real Estate Ltd Brokerage
823 2nd Avenue East
Owen Sound, Ontario N4K 2H2

(519) 371-5550
(519) 371-5668

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