For Sale: 1700 3rd Avenue E, Owen Sound, ON - REW
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$375,000
5 bd • 4 ba • 1500 - 1999 sf • Multifamily
1700 3rd Avenue E
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$375,000
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1700 3rd Avenue EOwen Sound, ON, N4K 2L9

  • 5 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Affordable duplex investment opportunity in Owen Sound with built-in upside potential. Situated on a large in-town lot, this property features two spacious three-bedroom units, a walkout basement with future potential, and a detached barn/workshop building.One unit was extensively renovated in 2022 with updated flooring, kitchen, bathroom, and finishes throughout, while the building's electrical system was also completely updated in 2022. This unit is currently rented at $1,600 per month inclusive.The other three-bedroom unit could be vacant on closing, providing an excellent opportunity for an investor to renovate and set market rent, or for an owner-occupier looking to offset living costs. The unit requires updating, including flooring, kitchen improvements, and some ceiling repairs.A unique feature of this property is the existing billboard lease generating approximately $800 per year in additional income. The detached barn/workshop offers additional storage or workspace but will require renovation and updating. The walkout basement adds another layer of potential for buyers looking to maximize the property's utility and long-term value.With strong income potential, a unit ready for improvement, billboard revenue, and multiple opportunities to add value, this property is well suited for investors, contractors, or buyers looking to build equity through renovations. (id:63626)
Listed by: TIM MATTHEWS, Broker, Century 21 Millennium Inc.

Home facts and features

Price details
List Price
$375,000
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Gross Taxes for 2025
$2,645
Home facts
Bedrooms
5
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
105 feet
Frontage
67.2 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Basement Details
Full, Walk out
Features
Irregular lot size
Agent details
Primary Agent
Primary Broker
Century 21 Millennium Inc.
Secondary Agent
MARK BARBOSA
Secondary Broker
Century 21 Millennium Inc.
Listing details
Days on REW
6 Days
MLS® Number
X13452260
Source
Canadian Real Estate Association
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Property Insights

St Mary's High School
  • Catholic
  • 9 - 12
Alexandra Community School
  • Public
  • JK - 8
Riverforest Montessori School
  • Private
  • PS - 6
Timothy Christian School
  • Private
  • K - 8
Dufferin Elementary School
  • Public
  • JK - 6
Saint-Dominique-Savio School
  • Catholic
  • JK - 12
Sydenham Community School
  • Public
  • JK - 8
Notre Dame Catholic School
  • Catholic
  • 1 - 8
Bayview Public School
  • Public
  • JK - 8
Hillcrest Elementary School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
TIM MATTHEWS
Phone:
(519) 375-7153
Cell:
519-375-7153
Office:
866-669-6608
Salesperson
MARK BARBOSA
Phone:
(519) 808-8774
Cell:
519-808-8774
Office:
866-669-6608
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