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. (id:54532)
MLS® Number | X12058283 |
Property Type | Multi-family |
Community Name | Owen Sound |
Parking Space Total | 2 |
Bathroom Total | 2 |
Bedrooms Above Ground | 3 |
Bedrooms Total | 3 |
Appliances | Water Heater, Dryer, Two Stoves, Two Washers, Two Refrigerators |
Basement Development | Unfinished |
Basement Type | N/a (unfinished) |
Exterior Finish | Brick |
Foundation Type | Stone |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 1,100 - 1,500 Ft2 |
Type | Duplex |
Utility Water | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 83 Ft |
Size Frontage | 18 Ft ,4 In |
Size Irregular | 18.4 X 83 Ft |
Size Total Text | 18.4 X 83 Ft |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Kitchen | 3.58 m | 1.9 m | 3.58 m x 1.9 m |
Second Level | Living Room | 4.14 m | 4.19 m | 4.14 m x 4.19 m |
Second Level | Bedroom | 5.02 m | 2.38 m | 5.02 m x 2.38 m |
Second Level | Bedroom 2 | 3.65 m | 2.64 m | 3.65 m x 2.64 m |
Second Level | Bathroom | 1.82 m | 2.13 m | 1.82 m x 2.13 m |
Ground Level | Kitchen | 4.14 m | 2.2 m | 4.14 m x 2.2 m |
Ground Level | Living Room | 4.14 m | 4.92 m | 4.14 m x 4.92 m |
Ground Level | Bedroom | 3.45 m | 3.47 m | 3.45 m x 3.47 m |
Ground Level | Bathroom | 3.35 m | 1.9 m | 3.35 m x 1.9 m |
Cable | Installed |
Sewer | Installed |
https://www.realtor.ca/real-estate/28112334/353-11th-street-e-owen-sound-owen-sound
Contact us for more information
Randy Byars
Broker
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Sotheby's International Realty Canada,
Brokerage
243 Hurontario St,
Collingwood, ON L9Y 2M1
Office: 705 416 1499
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