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. 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. |
Price | $469,000 |
Taxes: | $2311.00 |
Assessment Year: | 2024 |
Occupancy by: | Tenant |
Address: | 353 11th Stre East , Owen Sound, N4K 1V3, Grey County |
Directions/Cross Streets: | 3rd ave east and 11th st east |
Rooms: | 9 |
Bedrooms: | 3 |
Bedrooms +: | 0 |
Family Room: | F |
Basement: | Unfinished |
Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
Room 1 | Ground | Kitchen | 13.58 | 7.22 | |
Room 2 | Ground | Living Ro | 13.58 | 16.14 | |
Room 3 | Ground | Bedroom | 11.32 | 11.38 | |
Room 4 | Ground | Bathroom | 10.99 | 6.23 | 4 Pc Bath |
Room 5 | Second | Kitchen | 11.74 | 6.23 | |
Room 6 | Second | Living Ro | 13.58 | 13.74 | |
Room 7 | Second | Bedroom | 16.47 | 7.81 | |
Room 8 | Second | Bedroom 2 | 11.97 | 8.66 | |
Room 9 | Second | Bathroom | 5.97 | 6.99 |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 4 | Ground |
Washroom Type 2 | 4 | Second |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Total Area: | 0.00 |
Property Type: | Duplex |
Style: | 2-Storey |
Exterior: | Brick |
Garage Type: | None |
Drive Parking Spaces: | 2 |
Pool: | None |
CAC Included: | N |
Water Included: | N |
Cabel TV Included: | N |
Common Elements Included: | N |
Heat Included: | N |
Parking Included: | N |
Condo Tax Included: | N |
Building Insurance Included: | N |
Fireplace/Stove: | N |
Heat Type: | Forced Air |
Central Air Conditioning: | None |
Central Vac: | N |
Laundry Level: | Syste |
Ensuite Laundry: | F |
Sewers: | Sewer |
Utilities-Cable: | Y |
Utilities-Hydro: | Y |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
Ron Hopper Real Estate Ltd. |
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Type: | Freehold - Duplex |
Area: | Grey County |
Municipality: | Owen Sound |
Neighbourhood: | Owen Sound |
Style: | 2-Storey |
Tax: | $2,311 |
Beds: | 3 |
Baths: | 2 |
Fireplace: | N |
Pool: | None |