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Royal LePage
Royal LePage
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$599,000

850 11TH STREET W, Owen Sound, Ontario, N4K 3T3

MLS® # X13658490

Owen Sound ON, N4K 3T3

MLS® # X13658490

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Air Conditioning: Yes
  • Amenities:
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: N/A
  • Exterior Finish: Brick, Stone
  • Fireplace: Yes
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None, Window air conditioner
  • Appliances: Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 2+2
  • Bathrooms: 2
  • Amenities Nearby: Schools, Public Transit
  • Fence Type: Partially fenced
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 105 Feet
  • Lot Frontage: 125 Feet
  • Lot Size: 125 x 105 FT
  • Structure Type: Deck, Shed
  • Zoning: R1
  • Sewer: Sanitary sewer
  • Parking Type: Carport, No Garage
  • No. of Parking Spaces: 10

Rooms:

  • Laundry Lower Level 1.78 m x 1.17 m
  • Living Lower Level 7.08 m x 3.19 m
  • Kitchen Lower Level 3.44 m x 2.78 m
  • Primary Bedroom Lower Level 3.53 m x 2.70 m
  • 2nd Bedroom Lower Level 3.22 m x 3.06 m
  • Living Main Level 5.07 m x 3.69 m
  • Kitchen Main Level 4.11 m x 2.97 m
  • Dining Main Level 2.33 m x 1.88 m
  • Primary Bedroom Main Level 4.18 m x 2.98 m
  • 2nd Bedroom Main Level 3.01 m x 2.94 m
  • Den Main Level 3.01 m x 2.73 m

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⚠ Potential Investment Performance

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Location of 850 11TH STREET W, Owen Sound, Ontario, N4K 3T3

Demographic Information of 850 11TH STREET W, Owen Sound, Ontario, N4K 3T3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,239.94

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.89 %

High school certificate or equivalent

37.1 %

Apprenticeship trade certificate/diploma

5.45 %

College/non-university certificate

24.56 %

University Degree

7.0 %

Commuter

Travel To Work

By Car

90.16 %

By Public Transit

0.0 %

By Walking

5.95 %

By Bicycle

0.0 %

By Other Methods

3.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

36.71 %

Houses

63.29 %

Own Vs. Rent

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