11th st e

3 Bedroom Real Estate has been listed for sale at 353 11th St E in Owen Sound for $469,000. Chat with a local expert, book a tour.

Owen Sound

Downtown Area

353 11Th St E

353 11th St E, For Sale in Owen Sound - eXp Commercial Brokerage

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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.

This Completely Renovated Home Was Designed For Extended Family Living. Aging Parents Wanting One Floor Living Will Love The Main Floor - 9 Foot Ceilings, Bedroom With French Doors, Large Living Room, Bright Kitchen With Laundry, Spalike Bath With Body Jets In The Shower. Luxury Vinyl Plank Flooring Throughout Minimizes Issues For Walkers And Wheelchairs. A Private Rear Deck Is Great For Outdoor Entertaining And A Bbq. A Gracious Staircase Leads You To The Second Floor Which Is Set Up For Independent Living As Well. The L-Shaped Kitchen Offers Lots Of Cabinetry And Counter Space Along With A Cozy Breakfast Bar For Two. The Living Area Offers Lots Of Space And Has A Bonus Electric Fireplace For Ambience. The Primary Bedroom On This Floor Is 16 Feet Long! The Second Bedroom Is 100 Square Feet. Too Many Updates And Features To List! Roof Was Replaced In 2021 And Front Porch Was Re-Shingled In 2022. Deeded  Access By Right Of Way To Rear Yard Provides Additional Options. (Id:15898)

4.9% Potential Cap Rate With A Projected Gross Income Of $32,400 And Anticipated Expenses Of $7500 Per Year.  Rent The Two Bedroom Unit For $1500 Per Month And The Main Floor Unit For $1200 Per Month For A Positive Cashflow. Have The Tenants Pay The Utilities For An Even Better Cap Rate. This Completely Renovated Property Is Waiting For New Tenants. Main Floor Features.9' Ceilings, Bedroom With French Doors, Large Living Room, Bright Kitchen With Laundry, Spa-Like Bath With Body Jets In The Shower. Luxury Vinyl Plank Flooring Throughout. Two Bedroom Unit On Second Floors With L-Shaped Kitchen Offers Lots Of Cabinetry And Counter Space Along With A Cozy Breakfast Bar For Two. The Living Area Offers Lots Of Space And Has A Bonus Electric Fireplace For Ambience. The Primary Bedroom On This Floor Is 16 Feet Long! The Second Bedroom Is 100 Square Feet. Completely Renovated In The Last Six Month. Roof Was Replaced In 2021 And Front Porch Was Re-Shingled In 2022. Deeded Access By Right Of Way To Rear Yard Provides Additional Options. (Id:15898)

353 11Th St E, Owen Sound, ON

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