1700 3rd Avenue E,Owen Sound, ON N4K 2L9
Owen Sound, ON N4K 2L9
Description
Affordable duplex investment opportunity in Owen Sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building with MC zoning the possibilities are interesting. One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building's electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive.The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs.A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property's utility and long-term value.With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations.
Details
| MLS # | X13452260 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 67 |
| Listing Provided By | Century 21 Millennium Inc. | X13452260 550906 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.16 |
Interior
| Interior Features | None |
|---|---|
| Lease To Own Equipment | Furnace |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2645 |
|---|---|
| Tax Legal Description | PT LT 33 W/S BAY ST, 34 W/S BAY ST PL OWEN SOUND PT 1 & 2, 16R6582; OWEN SOUND |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Grey County |
| City | Owen Sound |
| Postal Code | N4K 2L9 |
| Area | Owen Sound |
| Listing VS Median (in N4K 2L9) | |
Price: $350,000 low | high Med: $0 On site: 67 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Grey County |
| City | Owen Sound |
| Postal Code | N4K 2L9 |
| Area | Owen Sound |
| Listing VS Median (in N4K 2L9) | |
Price: $350,000 low | high Med: $0 On site: 67 low | high Med: | |
