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. (id:4069)
Address
502 & 504 9TH STREET W
List Price
$534,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Owen Sound
Bedrooms
7
Bathrooms
2
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
85.8 x 62.3 FT Sq. Ft.
MLS® Number
X12446062
Listing Brokerage
Keller Williams Realty Centres
Basement Area
Full, N/A (Unfinished)
Postal Code
N4K3P2
Zoning
R4
Site Influences
Hospital, Public Transit, Schools
Features
Carpet Free
Amenities
Separate Electricity Meters
