Well-located multiplex investment property within walking distance to the library, mill dam, and farmers' market, featuring a total of five units across two buildings. The main building offers four units with 4,768 sq ft, plus a separate 696 sq ft one-bedroom unit above the carriage house, for a total of 5,464 sq ft of above-grade living space. Currently qualifies for residential financing, as the fifth unit is detached. The property includes a partial basement with coin-operated laundry and storage, a stamped concrete driveway with ample parking, and separate hydro meters for each unit. Heating is provided by radiant hot water with boilers replaced in November 2022 by Nickason's. The main building features tall ceilings and consists of three two-bedroom units and one one-bedroom unit, with an additional one-bedroom unit above the garage. A reliable on-site tenant currently handles snow removal and lawn care and may be willing to continue. Financials include annual taxes of $8,757.21, gas $3,850.19, insurance $3,626.37, hydro$1,953.51, water and sewer $2,668, and snow and grass $2,366, with additional income from laundry at $1,800 and total rental income of $71,157.96. Note that minor water seepage may occur in the laundry room during spring thaw or heavy rain, draining to the floor drain. Zoned R5. (id:4069)
Address
805 3RD AVENUE W
List Price
$829,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Owen Sound
Bedrooms
8
Bathrooms
5
Floor Area
3500 - 5000 Sq. Ft.
Lot Size
110 x 162.8 FT Sq. Ft.
Lot Depth
162 ft ,9 in
Frontage Length
110 ft
MLS® Number
X13493008
Listing Brokerage
eXp Realty
Basement Area
Crawl space, Partial, N/A (Unfinished)
Postal Code
N4K4P4
Zoning
R5
Parking Places (Total)
9
Site Influences
Public Transit, Hospital
Features
Flat site
Community Features
Community Centre
Appliances
Dishwasher, Dryer, Stove, Washer, Refrigerator
Amenities
Fireplace(s)
Heat Source
Natural gas
Heat Type
Radiant heat
Cooling Features
None
Fireplace
Yes
Number of Fireplaces
1
Foundation Details
Stone
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
