$534,900
Available - For Sale
Listing ID: X12446062
502 & 5 9th Stre West , Owen Sound, N4K 3P2, Grey County
| This one hits all the right notes: location, condition, and income--with none of the drama. 502 & 504 9th St W is a clean, income-generating up/down duplex in a prime Owen Sound neighbourhood that consistently attracts quality tenants and high rents. With a cap rate of 7.66% and zero headaches, this property does the work for you. Currently bringing in $3,800/month with tenants paying all their own utilities, your only expenses are taxes and insurance. It doesn't get more hands-off than that. Each unit is separately metered with separate entrances, separate laundry, separate outdoor space, and separate 100 amp electrical panels. The main floor unit offers 5 bedrooms and 1 bathroom, with a private fenced yard, while the upper unit features 2 bedrooms and 1 bathroom with a rooftop deck. Both units have updated plumbing and electrical, and all major capital expenditures are already done: high-efficiency furnace (2021), roof (2020), soffit/fascia/eaves with gutter guards (2025), attic insulation (2025), owned hot water tank (2025), all exterior doors (2025), vinyl flooring (2025)--and every single last window in the whole building is now an energy-efficient vinyl window. Solid stone construction, fully modernized systems, and zero deferred maintenance. Just take over and start making money. This is the kind of property that makes investing feel easy. |
| Price | $534,900 |
| Taxes: | $2903.00 |
| Occupancy: | Tenant |
| Address: | 502 & 5 9th Stre West , Owen Sound, N4K 3P2, Grey County |
| Directions/Cross Streets: | Top of the hill on the northwest corner of 5th Ave W & 9th St W |
| Rooms: | 15 |
| Bedrooms: | 6 |
| Bedrooms +: | 1 |
| Family Room: | T |
| Basement: | Full, Unfinished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Upper |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Stone |
| Garage Type: | None |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 5 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Pool: | None |
| Other Structures: | Fence - Full |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Hospital, Public Transit |
| 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: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| Keller Williams Realty Centres |
|
|
Hassan Ostadi
Sales Representative
Dir:
416-459-5555
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Grey County |
| Municipality: | Owen Sound |
| Neighbourhood: | Owen Sound |
| Style: | 2-Storey |
| Tax: | $2,903 |
| Beds: | 6+1 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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