Investors and smart buyers will immediately see the immense value offered in this versatile Owen Sound property. Situated on a generous corner lot on 11th Street West, this two-unit bungalow is a fully occupied, cashflow positive asset boasting an excellent cap rate with reliable long term leases already in place for both units. The layout features two separate living spaces, offering a total of four bedrooms, two full kitchens, two four piece bathrooms, and new luxury vinyl flooring throughout. The main level provides over1,000 square feet of finished space, including a bright living room, dedicated dining area, two comfortable bedrooms, and a bonus den. Downstairs, the fully finished basement operates as a complete, self contained accessory apartment with two additional bedrooms, a separate living and dining area, its own kitchen, and a shared laundry room. Both units enjoy their own heat controls, separate shed storage spaces, and included appliances. Outside, the spacious lot features a deck, a partially fenced yard, and an impressive nine total parking spaces, including a two car carport, making tenant parking completely hassle free. Located directly on public transit routes and close to local schools and grocery stores, this low maintenance bungalow presents an exceptional, turnkey addition to any real estate portfolio. Financial details are available upon request. (id:4069)
Address
850 11TH STREET W
List Price
$599,000
Property Type
Multi-family
Type of Dwelling
Duplex
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Owen Sound
Bedrooms
4
Bathrooms
2
Floor Area
700 - 1100 Sq. Ft.
Lot Size
125 x 105 FT Sq. Ft.
Lot Depth
105 ft
Frontage Length
125 ft
MLS® Number
X13658490
Listing Brokerage
Royal LePage RCR Realty
Basement Area
N/A (Finished)
Postal Code
N4K3T3
Zoning
R1
Parking Places (Total)
10
Site Influences
Schools, Public Transit
Appliances
Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Amenities
Fireplace(s)
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None, Window air conditioner
Fireplace
Yes
Number of Fireplaces
1
Foundation Details
Block
Other Structures
Deck, Shed
Number Of Floors In Building
1
Water Source
Municipal water
Sewer
Sanitary sewer
