For Sale: 224 7th Street E, Owen Sound, ON - REW
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$449,900
3 bd 2 ba 2000 - 2499 sf Multifamily

224 7th Street EOwen Sound, ON, N4K 1H9

  • 3 Bed
  • 2 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

GREAT MONEY MAKER AND A SOLID BUILDING !! Legal Duplex! Live in the bottom and rent the top! TURN KEY - Perfect opportunity for a 1st time homebuyer to have the rental income help with the mortgage payments OR a perfect addition to any investment portfolio. Lower level (vacant) offers an open concept Living room/ dining room/ kitchen combo with over 9 foot ceilings and a large bedroom. Upper unit has 2 large bedrooms and a living room that could be used as a 3rd bedroom. Gleaming hardwood floors throughout. This legal duplex is neat as a pin with many recent updates including roof (2011), Plumbing and Wiring (2000) and freshly painted throughout. Both units have laundry facilities. Lower level (Vacant) has access to basement which has living space and/ or storage. Well maintained building with lots of natural light in both units! Flexible closing available. Parking for 4 vehicles! Upstairs Tenant (seasonal student) would like to stay if possible. Could easily be converted to a single family home of an extended family home. Please allow 24 hours notice for showings to notify tenant. Upper 2 bedroom unit is rented for $1600 / month inclusive. Lower 1 bedroom unit is vacant (did rent for $1640/ month incl.) Great tenant - no Tenant Disputes. Tenant always pay on time! (id:63626)
Listed by: CLAIRE KNIGHT, Salesperson, Keller Williams Home Group Realty

Home facts and features

Price details
List Price
Gross Taxes for 2026
$3,057
Home facts
Bedrooms
3
Full Bathrooms
2
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
102.7 feet
Frontage
48.2 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Wall unit
Basement Details
Partial, Separate entrance
Features
Flat site, In-Law Suite, Irregular lot size, Smoke Detectors
Appliances
All, Water Heater
Agent details
Primary Agent
CLAIRE KNIGHT
Primary Broker
Keller Williams Home Group Realty
Secondary Agent
DAVE CROWE
Secondary Broker
Keller Williams Home Group Realty
Listing details
Days on REW
29 Days
MLS® Number
X13100856
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Bayview Public School
  • Public
  • JK - 8
Hillcrest Elementary School
  • Public
  • JK - 8
Dufferin Elementary School
  • Public
  • JK - 6
Owen Sound District Secondary School
  • Public
  • 9 - 12
Alexandra Community School
  • Public
  • JK - 8
St Mary's High School
  • Catholic
  • 9 - 12
St Basil's School
  • Catholic
  • JK - 3
Riverforest Montessori School
  • Private
  • PS - 6
Sydenham Community School
  • Public
  • JK - 8
Timothy Christian School
  • Private
  • K - 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
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.