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982 1st Avenue W Owen Sound, Ontario N4K 4K5

7 Bedroom 2 Bathroom 2800
Fireplace Central Air Conditioning Forced Air

$685,000

Mixed use residential/commercial investment opportunity in the heart of the popular River District, downtown Owen Sound! This solid 3 storey red brick building features a beautifully renovated 2 bedroom main floor apartment, including modernized kitchen and bath but still has touches of charm throughout in the arched doorways and crown moulding. Another 5 bedroom upper unit has plenty of space making it a flexible rental option for anyone, with a large kitchen with plenty of storage. Sweeping views of the River and Inner Harbour just across the 10th St bridge. This location is fantastic for being close to coffee shops, retail stores and outdoor parks. 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:41952)

Property Details

MLS® Number 40362861
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Shopping
Features Visual Exposure, Park/reserve
Parking Space Total 5

Building

Bathroom Total 2
Bedrooms Total 7
Appliances Window Coverings
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection Smoke Detectors, Alarm System
Fireplace Present Yes
Fireplace Total 1
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2800
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Playground, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 146 Ft
Size Frontage 33 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1

https://www.realtor.ca/real-estate/25169743/982-1st-avenue-w-owen-sound

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