982 1ST Avenue W , Owen Sound

7 Bed / 2 Bath / $699,000 / MLS® Listing #:40362861

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Turn Key investment opportunity in the heart of the River District, downtown Owen Sound! Solid 3 storey red brick building featuring a gorgeous renovated 2 bedroom main floor apartment and a 5 bedroom upper unit. Sweeping views of the River and Inner Harbour just across the 10th St bridge add to the appeal. 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:10452)

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Property Details

Property Type Triplex
Square Feet 2800.0000
Maintenance N/A
Days On Our Website 78
Basement Unfinished - Full (Unfinished)
Kitchens
Lot Dimensions under 1/2 acre
Pool N/A
Area Owen Sound
Air Conditioning Central air conditioning
Heating Natural gas - Forced air
Exterior Brick
Parking Spaces 5
Sewers Municipal sewage system
Water Municipal water

Listing Office: CENTURY 21 IN-STUDIO REALTY INC., Brokerage (Owen Sound)



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