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Great duplex with a solid income. Gross income over $41,000 and has a cap rate of 7%. Net income of $30,000 a year carries the mortgage. Completely renovated in 2021 - all new kitchens, bathrooms, flooring, drywall and roof. New air conditioning in 2024. Main floor offers a large one bedroom unit with 9' ceilings, private laundry, basement storage and private parking at rear of building. Main floor is currently vacant and was rented for $ 1600 inclusive. Second floor contains two large bedrooms, in-unit laundry and private parking at the front of the building. Currently rented for $1850 inclusive. Building has been inspected by fire department and city building officials. Expenses: hydro - $2266, gas -$1537, water/sewer -$1383, taxes - $2311, insurance - $1032. Rear parking is by deeded right of way to private gravel drive.
2 fridges, 2 stoves, 2 washers, 2 dryers. All applicances as is.
City: Owen Sound
Neighborhood: Owen Sound
Purchase Price | $469000 |
Down Payment | $93800 |
Mortgage Insurance | $0 |
Total Mortgage | $375200 |
Mortgage Payment | $2312 |
Property Taxes | $193 |
Maintenance Fees | $0 |
Monthly Payment | $2505 |
Located at 353 11th St E , this Owen Sound house is available for sale. This property was listed for $469,000 on Fri Apr 04 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Kitchen, Living, Br, Bathroom, Kitchen, Living, Br, 2nd Br, Bathroom. This property comes with 2 parking spots. 353 11th St E, Owen Sound is situated in the Owen Sound neighbourhood.
MLS#: X12058283 · $469,000 · 3 bedroom house in Owen Sound, Owen Sound