982 1st Avenue W Owen Sound, Ontario N4K 4K5
$685,000
Mixed use residential/commercial investment opportunity in the heart of the popular River District, downtown Owen Sound! This solid 3 storey red brick building features a beautifully renovated 2 bedroom main floor apartment, including modernized kitchen and bath but still has touches of charm throughout in the arched doorways and crown moulding. Another 5 bedroom upper unit has plenty of space making it a flexible rental option for anyone, with a large kitchen with plenty of storage. Sweeping views of the River and Inner Harbour just across the 10th St bridge. This location is fantastic for being close to coffee shops, retail stores and outdoor parks. A long time tenant operates a successful hair salon in the self contained commercial space at the rear. This building is economical to operate and the rents are well stabilized, never a problem keeping it fully rented. It sports a generous 6.5% CAP rate, making this a great addition to your portfolio. This property is well positioned in a quickly emerging downtown setting. Ideal for owner occupied or STA. Private viewings available now. Seller may consider a small VTB. (id:22681)
Property Details
| MLS® Number | 40362861 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Shopping |
| Features | Visual Exposure, Park/reserve |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 7 |
| Appliances | Window Coverings |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors, Alarm System |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2800 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 146 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/25169743/982-1st-avenue-w-owen-sound
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May 31 2023 07:42:59
REALTORS® Association of Grey Bruce Owen Sound
Century 21 In-Studio Realty Inc., Brokerage (Owen Sound)